Tuesday, October 06, 2009

The ‘seedy woe’

BookValue
And Then the Roof Caved In
David Faber
( http://www.wiley.com/ )

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.

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