collateralized debt obligations

How Wall Street's Scam Artists Turned Home Mortgages Into Econom...

Newsvine - business  Sun, 10/19/2008 - 02:26

If the ABCs of the financial meltdown leave your head spinning -- if "default swaps" and "collateralized debt obligations" and "high-rated tranches" are all just so much gobbledygook -- don't worry.

You're not alone.