Collateralized Debt Obligations (CDOs) - A Complicated Way to Spread Risk
These investment vehicles took much of the blame for turning a downturn in the US housing industry into the general credit crisis of late 2007. But it's important to remember that the term CDO refers to a broad range of investment vehicles, some much easier to understand than others, and some much better at spreading manageable risks among a broad group of investors - the original intent of these securities - than others. Continue reading about CDOs...


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