Collateralised loan obligations: why these obscure products could cause the next global financial crisis
Collateralised loan obligations: why these obscure products could cause the next global financial crisis: On the money? Sean Pollock/Unsplash, CC BY-SA At the heart of the global financial crisis of 2007-09 was an obscure credit derivative called the collateralised debt obligation (CDO). CDOs were financial products based on debts – most notoriously, residential mortgages –which …
