Reply #50: State Street says media reports about Carina CDOs misleading

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http://www.marketwatch.com/News/Story/Story.aspx?guid=%7bB5A20AD9-2820-4CD5-BD4E-0121EF909F72%7d&siteid=yhoo&dist=yhoo

State Street Corp. (STT 74.91, -1.98, -2.6%) said Friday media reports regarding its exposure to collateralized debt obligations are misleading. "State Street has no investment in the Carina CDO referenced in the media reports and therefore there is no material financial impact to the company due to the liquidation of these assets," said the financial institution. State Street said it is neither the trustee to nor the underwriter of any of these CDO assets, and a decision to accelerate a CDO and liquidate the collateral portfolio resides directly with the CDO's senior investors.