Excellent explanation of the financial situation
Ed Kless - 11/10/2008
For those of you, like me, out there with little financial understanding, I submit this quick video which helped me understand the concept of collateralized debt obligations or CDOs. It is my understanding that mortgage-backed securities (MBS) are at the heart of the trouble we are seeing.
If those of you with a better understanding of this topic have thoughts on this, I would love to hear about them.
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