Three-quarters of CLOs could hit event of default, says Wachovia

Three-quarters of CLOs could hit event of default, says Wachovia

Comment by: Anonymous. Posted 15 years ago [2009-03-09 14:40:24]

That explains it. I couldn't figure out what "powerslave" refered to. Perhaps Wells Fargo don't have any supervisory analysts. Let's hope these guys keep on "running free"...

Comment by: Anonymous. Posted 15 years ago [2009-03-09 13:43:37]

Did anyone notice that the subheadings within this Wachovia report are all titles of Iron Maiden songs? I think this sums up the current state of the CLO market. I wonder if the Wachovia (Wells Fargo) supervisory analysts caught this...