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Once again witnessing history: The highest credit rating and safest investment products suddenly exploded. The latest report released by Bank of America shows that some AAA rated investors in a loan (Commercial Mortgage Backed Securities, CMBS) supported by UK shopping centers have rarely suffered losses. Meanwhile, a report from Barclays Bank shows that buyers of the AAA portion of the $308 million note backed by a mortgage on a building on Broadway in Midtown Manhattan also suffered a 25% loss.
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