Question
So-called Collateralized Debt Obligations (CDO's) were different than the traditional mortgage backed securities in that they: Were not directly backed by mortgages Were structured in
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So-called "Collateralized Debt Obligations" (CDO's) were different than the traditional mortgage backed securities in that they:
Were not directly backed by mortgages
Were structured in tranches
Had nothing to do with real estate
Would only payout if there were no defaults in the underlying assets
So-called "Collateralized Debt Obligations" (CDO's) were different than the traditional mortgage backed securities in that they:
| Were not directly backed by mortgages | ||
| Were structured in tranches | ||
| Had nothing to do with real estate | ||
| Would only payout if there were no defaults in the underlying assets |
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Money Banking And Financial Markets
Authors: Stephen Cecchetti
2nd Edition
0073523097, 9780073523095
