Michael Jackson, Farrah Fawcett, David Carradine, Karl Malden, Ed McMahon…the list of celebrity deaths that has been in the news recently is long, and media speculation regarding their respective estates is shining a light on the need for estate planning. Now may be a good time for estate planning professionals to remind clients and prospects [...]
Filed under: Estate Planning | Tagged: celebrity deaths, Estate Planning, Michael Jackson | Leave a Comment »
According to a report from Bloomberg, a financial institution which shall remain nameless is taking a 2007 collateralized debt obligation (CDO) that has been downgraded and repackaging it into new securities that it anticipates will have AAA ratings–important in marketing the new securities to institutional investors who are only allowed to buy AAA debt.
According to the Bloomberg [...]
Filed under: Investments | Tagged: CDO, debt, toxic assets | Leave a Comment »
