Cart 0 $0.00
IRE favicon

Collateralized debt obligations fueled financial crisis

A report by ProPublica's Jake Bernstein and Jesse Eisinger "shows for the first time the extent to which banks &#8212 primarily Merrill Lynch, but also Citigroup, UBS and others &#8212 bought their own products and cranked up an assembly line that otherwise should have flagged."  These banks dealt in collateralized debt obligations, or CDOs.  A CDO is a collections of mortgage bonds, and each includes risky investments.  The banks would then create new CDOs to sell the risky pieces creating false demand for these toxic assets.

109 Lee Hills Hall, Missouri School of Journalism   |   221 S. Eighth St., Columbia, MO 65201   |   573-882-2042   |   |   Privacy Policy
crossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram
My cart
Your cart is empty.

Looks like you haven't made a choice yet.