And Then the Roof Caved In
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Mezzanine CDO, a piece of financial alchemy
You may well call the collateralised debt obligation (CDO) the ‘seedy woe,’ for all the wreck it has caused. And it could shock you to learn that this artificial asset returned from its near-death state, as David Faber discusses in And Then the Roof Caved In: How Wall Street’s Greed and Stupidity Brought Capitalism to its Knees.