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  1. Before he started the investment management company, Bass was a managing director at asset manager Legg Mason and a senior managing director at Bear Stearns.

  2. Moody's Investors Service, ("Moody's") has upgraded the ratings of 19 tranches issued by seven Morgan Stanley RMBS transactions, and downgraded the rating of Bear Stearns Asset Backed Securities I Trust 2004-HE9 class M-1.

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