Add former Chicago Bulls, Orlando Magic and Lakers forward Horace Grant to the list of investors who got burned by exposure to collateralized debt obligations tied to residential mortgages. Fortunately for Grant, he won an arbitration case against case against a mutual fund he claimed misrepresented the risk levels of the bond funds it sold him. Morgan Keegan & Co. of Memphis, TN, has been ordered to pay Grant $1.46 million for losses incurred via his position in funds heavily invested in the aforementioned collateralized debt obligations.
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5 comments:
You waited all summer to write a new post, and the best you can do is put up some crap about some has been NBA player's bad investments?
Way to go buddy. You're on a roll. Keep up the riveting blogging!
No wonder you're still toiling away in Blogspot obscurity while tons of your Blogspot and Wordpress friends from your blogroll (most of whose blogs started AFTER Drive and Dish had already been around for years) have moved up to sponsored, professional corporate sports blogs.
Moron.
Whoa there Devil Boy...
Good to see you back. I'm sure you will get the blog back up and running to its full form. We all tend to drop off a little bit when life picks up. Can't wait for basketball season to start, but I think football season will hold me off until then.
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Hello. And Bye. Thank you very much.
Hello. And Bye. Thank you very much.
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