Pimco Seeks as Much as $5 Billion for Distressed Debt (Update1)
Bloomberg - 11
Investors have pulled back from all but the safest government-backed debt as the foreclosure rate on US subprime- mortgage loans doubled to a record 10.7 …

Read in full at Pimco Seeks as Much as $5 Billion for Distressed Debt (Update1) - Bloomberg