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CDOs are not necessarily just composed of mortgage derivatives. They can be put together from bonds, CDSs (synthetic CDOs), syndicated loans (CLOs), other CDOs
by yangyang 17y ago
CDOs are not necessarily just composed of mortgage derivatives. They can be put together from bonds, CDSs (synthetic CDOs), syndicated loans (CLOs), other CDOs (CDOs squared), a mixture of these and other debt instruments.
- therealazeem 17y agoYep. And you can count the leverage at every single level