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S&P: Subprime MBS Losses Nearly Over 

Sep 05, 2008By

Subprime mortgage bond losses may be nearing the end, according to a published report Friday citing Standard & Poor’s chief credit officer Mark Adelson. The S&P exec said losses are being “double counted” by many because so much private-party subprime MBS is held by CDOs, and suggested true subprime losses would total roughly $550 billion.