3 ms·

Kind of like "collateralized debt obligation", a.k.a. shit wrapped in shit.... circa 2008.

• cjarrett 10y ago
  If someone is thinking citation needed: http://www.sec.gov/spotlight/enf-actions-fc.shtml http://www.sec.gov/spotlight/enf-actions-fc.shtml
• spyspy 10y ago
  For anyone whose knowledge of this starts and ends with The Big Short, CDOs are not inherently bad. They're just a structure for divvying up assets based on risk. The problem up to 2008 was that the risks were downplayed/hidden by the banks and the credit rating agencies.
  • eru 10y ago
    We do the equivalent of CDO to our networks at Google. (Ie tcp can't deal with packet loss, so needs the best tranche; especially if user facing. Some long running copy operations with fountain codes only care about total throughput, not lost packages, so get the `equity' tranches.)