An article by the Wall Street Journal:
"Investors are once again clamoring for a risky investment blamed for helping unleash the financial crisis: the synthetic CDO.
In a sign of how hard Wall Street is trying to satisfy voracious demand for higher returns amid rock-bottom interest rates, J.P. Morgan Chase JPM -0.03% & Co. and Morgan Stanley MS -0.27% bankers in London are moving to assemble so-called synthetic collateralized debt obligations."
http://online.wsj.com/article/SB100014241278873244239045785257019361248…
I don't know about you but I'm sinking all of my savings and future earnings in to them this time around!
A CDO does not mean it is a collection of MBS. A CDO can be made from anything.
Aspernatur minus vel quos accusamus eos. Ea voluptatem at dolor aut nesciunt. Ipsum dignissimos eum occaecati deserunt est voluptatibus consequuntur nulla.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...