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Korean Insurers To Invest in CDOs

"Most people here, accountants, lawyers and bankers, are trying to work out how they can make money out of this problem rather than what the solution is."--Jonathan Laredo, founder of Solent Capital Management and former head of structured finance for Europe and Asia at JPMorgan in London, commenting on derivatives professionals' reaction to the introduction of International Accounting Standards. For complete story, click here.

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