"The collateralized debt obligation, the CDO, is a structure which allows you to more or less continuously choose how much risk you want to take in a whole batch of securities. And the reason why they got us into so much trouble is that it's hard to figure out how much risk you really are taking."

--
Robert F. Engle

#Risk #Reason Why #Debt

+1
Share
Pin
Like
Send
Share

You may also like: