The document discusses various risk factors associated with collateralized debt obligations (CDOs) issued by recently incorporated Co-Issuers. It highlights the lack of operating history, limited funds for operating expenses, potential third-party litigation, and the impact of rating agency confirmations on the Co-Issuers' operations. Additionally, it addresses recent legal and regulatory developments, including the Dodd-Frank Act, in response to the financial crisis.
documents/EFTA01365552.pdf
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