BUSINESS

CDOs: Despite 'Downward Spiral,' Banks Fight For The Right Keep Buying Complex Securities

06/08/2010 01:50 pm 13:50:58 | Updated May 25, 2011

June 8 (Bloomberg) -- U.S. banks are fighting to preserve the use of securities that help them appear better capitalized, even as their investments in each others' notes perpetuate what one regulator calls a "downward spiral" of losses.

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