Is the Crystal Ball Clearing? | 148 comments (147 topical, 1 editorial, 0 hidden)

Re: Is the Crystal Ball Clearing? (4.00 / 3)

Good article.

As I have learnt on ET CDO and CDS has very little in common, except being scams that start with CD. CDO is a way to divide the cash flow from credit and pretend that the debtors can not possibly fail to deliver all on the same time, even if the credit is all crap to begin with. CDS are (apparently) a bet on if a credit will pay or not. So I guess you can take out CDSs on CDOs too, if you want to maximise your scamming potential.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Mon Mar 12th, 2012 at 09:59:47 AM EST
[ Parent ]

Re: Is the Crystal Ball Clearing? (4.00 / 2)

I guess you can take out CDSs on CDOs too, if you want to maximise your scamming potential

That is what The Big Short is about.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Mon Mar 12th, 2012 at 10:01:44 AM EST
[ Parent ]

Re: Is the Crystal Ball Clearing? (none / 1)

CDSs on CDOs is just the beginning... You can makes CDOs of those again, and then go on to cubic CDOs..

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Mon Mar 12th, 2012 at 07:47:14 PM EST
[ Parent ]

Re: Is the Crystal Ball Clearing? (none / 1)

Sounds like a sequel to Inception.

by rifek on Tue Mar 13th, 2012 at 01:43:14 AM EST
[ Parent ]

Is the Crystal Ball Clearing? | 148 comments (147 topical, 1 editorial, 0 hidden)

Top Diaries

LQD - UK losing logisitic business

The Arctic Melt: EU to End Fossil Fuel Subsidies

Brexeternity

Spanish election thread

Boris off to a bad start

Pompeo On Tour Sowing Division

Trust In Government Big Loser By Disinformation

A climate of tyranny in the UK

Recent Diaries

The Arctic Melt: EU to End Fossil Fuel Subsidies

LQD - UK losing logisitic business

Twitter's Warning to Leftist Leaning Parties

Poland Spinning the Shoah - Anti-semitism

Brexeternity

Pompeo On Tour Sowing Division

Spanish election thread

City Agriculture - November 7, 2019

Boris off to a bad start

Trust In Government Big Loser By Disinformation

DUP under pressure in Northern Ireland Election

Turkeys vote for Christmas

American Cyber Security Cowboys

US Iraq Asset Killed In Idlib

LQD: U.S. humanitarian concern for Syria

Flynn Hires New Attorney for Get-out of Jail Card

Krugman-Admits-He
-Was-Wrong! (Pt. 1?)

Brexit has broken the UK's democracy

My Take A Short Extension, No Election [Update]

In the Footsteps of Witness Bill Taylor

Occasional Series