A Dutch Solution for ING

Dynamic Credit Partners helps Dutch bail out ING Group in toxic-assets deal.

People walk in ING office in Taipei

People walk in the ING office in Taipei October 20, 2008. REUTERS/Pichi Chuang

PICHI CHUANG/REUTERS

A small group of structured-credit professionals, of all people, may have come up with a workable and politically acceptable way to get bad assets off the books of big holders of mortgage-backed securities. New York–based Dynamic Credit Partners in February helped the Dutch Ministry of Finance bail out ING Group, removing a $39 billion portfolio of MBSs from the Dutch banking and insurance group’s balance sheet.

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