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Guest_chris c-t_*

Merrill Lynch: Counterparty Failure?

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Merrill apparently broke contract on 'control rights' or voting decisions; SCA terminates insurance..Merrill must now have uninsured losses.


Merrill Lynch is suing SCA, a bond insurer based in Bermuda, for terminating contracts pledging to cover losses on seven collateralized-debt obligations, or investments that splice payments from different pools of debt.
Edited by chris c-t

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  • 294 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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