CDO squared

Financial Weapons of Mass Destruction™ A guide to the tools of our trade. →Go uptown Top Trumps®Financial Weapons of Mass Destruction® CDO² “Just like OCD, only in alphabetical order, and it will fuck you up.” Docs indentures, red herrings, 10b-5s, the works! 10 Amendability Zilch. Oh, the trustee might agree amendments for you, you say? HAHAHAHAHA 10 Collateral Shonky CDOs the manager couldn’t get out of the warehouse. And you just wrote a put on them. 8 Transferability Theoretically high. Practically nil. No-one wants your toxic waste, senator. 6 Leverage All the leverage you could want, and more. Especially in the junior tranches. 8 Fright-o-meter All-out superpower confrontation. Straight-up toxic waste. 11 Index: Click ᐅ to expand: FWMD Master Agreements Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

So good.