"Ratings agencies shift the burden of proof to CDO managers and issuers."

February 08, 2004 12:00 am

Lars Norell, director at Merrill Lynch, venting his frustration at rating agencies CDO procedures.

"Ratings agencies shift the burden of proof to CDO managers and issuers." --Lars Norell, director at Merrill Lynch, venting his frustration at rating agencies CDO procedures.

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