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Not CDO (Collaterallised Debt Obligation - a kind of Asset-Backed-Security) but CDS  (Credit Default Swap).

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Thu Jun 16th, 2011 at 01:56:27 AM EST
[ Parent ]
Yes, I realized that, but yesterday was a day from Hell! I will make a post in the OT.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Jun 17th, 2011 at 02:24:46 PM EST
[ Parent ]

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