Bank bets on bonds backed by mortgages
Imperial Capital Bancorp has made a big bet on mortgage-backed securities that it thinks will pay off despite the current banking crisis.
The La Jolla-based bank said this week that so far this year it has purchased $784 million in collateralized mortgage obligations, which are complex debt securities backed by mortgages....
7/18/2008 10:20:01 AM
San Diego Union-Tribune Business
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