Securities and Exchange Commission chairman Christopher Cox announced that the SEC has launched a dozen or more new investigations, the Wall Street Journal has reported.  At issue are new methods of selling off debt that have driven leveraged buyouts in recent years, known as collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs).  The SEC is also looking at the shaky Bear Sterns hedge funds which use investment vehicles supported by subprime mortgages.  The story by Siobhan Hughes, David Reilly, and Kara Scannell and is here.

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