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Synthetic Collateralized Debt Obligations: Were a variant of Mortgage Backed Securities Were secured with large pools of residential, US mortgages Were marketed as very low
Synthetic Collateralized Debt Obligations: Were a variant of Mortgage Backed Securities Were secured with large pools of residential, US mortgages Were marketed as very low risk due to the strength of the collateral Resulted in massive losses for holders of CDO's due to the collapse of the US residential housing market and drop in home prices. Were emblematic of the financial excesses of the 20072008 financial crisis. All of the above
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