Understanding Collateralized Debt Obligations or CDOs

Blamed for taking down the economy, an arcane type of security known as the collateralized debt obligation has been getting a lot of attention lately in the press. If you wonder how these CDOs, as they are sometimes called, nearly took down the global financial system, then sit back, take three minutes, and read this article. You'll see how your very own home may be part of a collateralized debt obligation and you not even know it. Continue reading ...