CalFed issues securities pegged to outcome of its goodwill lawsuit.

Summary


California Federal Bank - Special Report: Banking and Finance

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Extract


CalFed issues securities pegged to outcome of its goodwill lawsuit.

Federal judges haven't yet had a chance to hear California Federal Bank's goodwill case against the U.S. government, but Wall Street has already set a price on the outcome.

Los Angeles-based CalFed issued a peculiar securities offering on ...

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