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.
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