Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
... or unstructured? It is in the structuring and then layering of structured pools of lower ranking streams that CDO's are a very effective vehicle in concentrating systemic risk.

If the CDO's are unstructured, then they simply average both stochastic and systemic risk.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Oct 8th, 2008 at 04:49:22 PM EST
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