Wednesday, Mar 12, 2008

ING subprime problems with CDOs

Bloomberg: ING Suspends Withdrawals From Two Funds

ING (NZ) Ltd. suspended withdrawals from two funds that own collateralized debt obligations, saying they are being affected by the global ``credit crunch.'' Withdrawals from the ING Diversified Yield Fund and the ING Regular Income Fund were "halted to protect investors" the CEO said.

Posted by alan @ 10:45 PM (674 views) Add Comment

1 Comment

1. Francis said...

It's YOUR money they're saving!!! Ha ha ha!

Wednesday, March 12, 2008 11:16PM Report Comment
 

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