Subprime Mortgage CDO Losses Could Reach $52 Billion, Credit Suisse Says

(Bloomberg) -- Losses from bonds secured by U.S.
subprime home loans may reach $52 billion amid rising
foreclosures on the mortgages, analysts at Credit Suisse Group
said.

Subprime defaults ``are clearly a huge problem'' for
investors in collateralized debt obligations, Credit Suisse
analysts led by Ivan Vatchkov in London wrote in a report. ``But
we do not think that they are a systemic one.''


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