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What is a CMO and what risks are they designed to manage? What is a CDO? How did CDOs transform weak-credit subprime mortgages into high

What is a CMO and what risks are they designed to manage? What is a CDO? How did CDOs transform weak-credit subprime mortgages into high quality securities? Why was this process an essential step in the development of the financial crisis? How did credit default swaps amplify the crisis?

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