Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
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 ]

Others have rated this comment as follows:


Occasional Series