BUSINESS

CDOs: Banks Ponder Potential Legal Costs Of Risky Bets

06/21/2010 05:12 am 05:12:01 | Updated May 25, 2011


But now, after so much financial pain, Wall Street is nervously tallying the potential legal costs from its misadventures in collateralized debt obligations, known as C.D.O.'s, among the most toxic financial instruments ever devised.

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