ext_344589 (
channelpenguin.livejournal.com
) wrote
in
andrewducker
2010-04-28 03:02 pm (UTC)
no subject
but (do anyone correct me if I am wrong) not
ALL
CDOs are subprime-mortgage-backed debt.
Though 'CDO' may not be quite as general a blanket term for packaged debt that I think it is, in which case maybe it's not such a major point, but see
http://en.wikipedia.org/wiki/Collateralized_debt_obligation
Of course, other products that are described as CDOs may well be individually dodgy in their very own special ways... but that's not what the article you linked to was specifically pointing to.
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no subject
Though 'CDO' may not be quite as general a blanket term for packaged debt that I think it is, in which case maybe it's not such a major point, but see
http://en.wikipedia.org/wiki/Collateralized_debt_obligation
Of course, other products that are described as CDOs may well be individually dodgy in their very own special ways... but that's not what the article you linked to was specifically pointing to.