UBS Reportedly Unloads the Vast Majority of Its Alt A MBS Holdings in a ‘Fire Sale,’ Causing Trouble for Others
March 6, 2008
UBS sold $24.1 billion of its Alt A MBS holdings in a “fire sale” this week, according to speculation by JPMorgan analyst Kian Abouhossein. The possible sale followed UBS’ Valentine’s Day revelation of its $26.6 billion exposure to Alt A...