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» UBS Reportedly Unloads the Vast Majority of Its Alt A MBS Holdings in a ‘Fire Sale,’ Causing Trouble for Others
UBS Reportedly Unloads the Vast Majority of Its Alt A MBS Holdings in a ‘Fire Sale,’ Causing Trouble for Others
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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...