Betting On A Big Mall Fizzle
PYMNTS
NOVEMBER 22, 2019
The bet against those companies, through a process known as “short selling” and a focus on credit default swap, means that Icahn (and others) are betting that the CMBX 6 Index, which tracks roughly two dozen commercial mortgage-backed securities, will fall. The index and the securities, the report said, are in turn tied to loans made in 2012.
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