From The Jolly Contrarian
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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:
|
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So good.
