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Collateralised Debt Obligations CDOs have been heavily blamed to have exacerbated the Global Financial Crisis of 2008-09. What are the consequences of these products, to

Collateralised Debt Obligations

CDOs have been heavily blamed to have exacerbated the Global Financial Crisis of 2008-09. What are the consequences of these products, to market participants, the economy and society at large? (250 words)

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