Wall Street’s CDO Mania

CDO’s as complicated as they sound we will try to explain them in order to understand the impact they had on Wall Street. A CDO stands for collateralized debt organisation, and originated in 1987 by Michael Milken, where a CDO back then included AAA rated CDOs. Unlike todays mixture of investment and corporate bonds that are mostly junk, of which “Wall … Continue reading Wall Street’s CDO Mania