Posted by admin! / Under Collateralized Debt Obligation
The market for collateralized debt obligations backed by high-yield, high-risk loans is poised to open in the U.S. for the first time in a year after losses on mortgages prompted investors to flee bundled securities.
Published on Friday 19th of March 2010 10:10:14 AM
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Posted by admin! / Under Collateralized Debt Obligation
Just as it did with mortgages in the U.S., Goldman in effect bet against the collateralized Greek debt obligations. The basic issue is the same.
Published on Friday 19th of March 2010 10:10:14 AM
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Posted by admin! / Under Collateralized Debt Obligation
Financial innovation is not like any other kind of innovation in our economy. If you create a new IPod and it goes sour, it hurts Apple. Create a synthetic collateralized debt obligation that goes south, you crash the world economy.
Published on Friday 19th of March 2010 10:10:14 AM
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Posted by admin! / Under Collateralized Debt Obligation
Now that the public has been formally introduced to mortgage-backed securities and collateralized debt obligations, I thought our readers would like to know golf is doing its part to help the economy...
Published on Friday 19th of March 2010 10:10:14 AM
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