Tuesday, June 14, 2011

Synthetic CDOs

BookValue
All the Devils Are Here
Bethany McLean and Joe Nocera
(http://www.landmarkonthenet.com/)

A zero-sum game with mortgages as the dice

Synthetic CDOs (collateralised debt obligations) were Wall Street's version of a lab experiment gone mad, write Bethany McLean and Joe Nocera in All the Devils Are Here: The hidden history of the financial crisis.

More

No comments: