Judge Won’t Dismiss MBS-Related CDO Claims in CU Failure

A federal judge declined Tuesday to dismiss charges that Barclays Capital packed a collateralized debt obligation it sold to Eastern Financial Florida CU with junk, hastening the demise of the one-time $2.4 billion credit union, the biggest natural person credit union failure ever.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_563/mbs-related-cdo-claims-1029521-1.html

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