Template:CDO - FWMD

Top Trumps^®Financial Weapons of Mass Destruction^®

CDO

“Bowie started it. Lehman finished it. No-one enjoyed it.”

Docs	Full blown 144A standalone. Hundreds of thousands of little words, and not one of them will help you.	9
Amendability	The manager might make some portfolio substitutions, but who do you think that will help?	8
Collateral	Ninja collateral. Literally.	7
Transferability	Yeah but no. Made worse because they look so transferable.	7
Leverage	Funding-wise, no. Money down up front. Risk wise? Hell yeah.	7
Fright-o-meter	But the ratings! The ratings!	8