Episode 2429
Were CDOs Financial Engineering or Mass Destruction?
pplpod · pplpod
February 10, 202617m 39s
Audio is streamed directly from the publisher (content.rss.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
A collateralized debt obligation (CDO) is a structured financial product that pools loans into tranches based on risk. While designed to diversify debt, the heavy inclusion of subprime mortgages and flawed credit ratings fueled the 2008 financial crisis and market crash.