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ABS Market Sidelined With Wall Street Fears: Market goes into a wait-and-see mode as many participants ponder their fate

The mood in the ABS market was understandably gloomy last week, as traders expressed disbelief and apprehension about the sector, not to mention the financial industry as a whole. While many traders were furiously unwinding their positions with Lehman Brothers, others were sitting on the sidelines waiting for the news...

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