But banks and holders of securities backed by these mortgages could get hit too.
During the quarter, Target changed the way it accounts for payments to holders of securities backed by credit card receivables.
After the auction-rate market froze, holders of securities began to try to find out what they owned, and what it was worth.
Even in light of the crisis, S.& P. expects that only the riskiest mortgage bonds could default and that holders of securities with its top AAA rating will continue to receive interest and principal payments.
Increasing numbers of U.S. borrowers are falling behind or defaulting on their loans, resulting in losses for holders of securities based on mortgages.
It has two series of warrants;called C and D granted to holders of securities issued to former Macy's bondholders in the company's 1992 reorganization.
And in case you didn't know, Luxembourg is the fifth-largest holder of American securities, debt and equity.
Japan is the other big holder of Treasury securities, with $1.14 trillion in July, or 9.1 percent of publicly held Treasuries, in June.
That raised its holdings to $790 billion, leaving it the largest foreign holder of Treasury securities — Japan is second at $757 billion and Britain a distant third at $278 billion.
"Consistent with the S.E.C.'s mandate of investor protection, we will pursue cases both where the investor is a holder of municipal securities and where the investor is itself a municipality".
China is the largest foreign holder of US treasury securities, a major trade partner for the US, Europe, Latin America, and Australia, and a key facilitator of intra-Asian trade, owing partly to the scale of its processing trade.
