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Viable Opposition: Collateralized Debt Obligations - An Unlearned Lesson
Viable Opposition: Collateralized Debt Obligations - An Unlearned Lesson
Back in October 2013, I posted a
brief on the return of collateralized debt obligations or CDOs, those toxic
little gems that helped bring the financial world to its knees in 2008 - 2009.
I thought that it was time for an update to see what the great minds of
Wall Street are selling to their discerning clientele and how much they are
selling.
Let's take a quick lesson in exactly
what CDOs are, remembering that this is what happened to interest rates over
the past two decades:
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