What is a CDO, CDO squared, Synthetic CDO and how did the 2008 crisis happen

IBM and Microsoft

I like when Lewis Raneri thought it up he was actually 33. (Note it was only really allowed by the insanity of Congress in the Tax Reform of the 80s that made it tax deductible and basically illegalized blue sky laws.)

CDO are nothing but bunch of small cap high risk high return stocks that are bundled together to look like psuedo large cap stocks but rating is below senior stocks i.e Blue chip stocks.Of course returns are lucrative but it's nothing but "big ass fart".

Nothing is coincidental.. 🤭🤭🤫

2023, it's coming again folks.....anyone?

We get it, the ones to blame for the crisis were the ones who took loans and didnt paid back: poor people and immigrants, mostly....

fuck people's Mind = money = bond = CMO = CDO = ... = politics = banks

You really should clarify that you stole all of this footage clearly, instead of poorly trying to make it look like you some how made this with only 298 subs

I’m here because of phase 6 🔥🔥

I am trying to understand the synthetic CDO. It would seem to me the collateral supporting the loans (however much there is between the actual equity and mortgage insurance) resides in the CDO but the synthetic CDO is merely a gamble as to the performance of the referenced parts of the CDO. That seems like gambling to me and not real money making. Am I understanding the synthetic CDO correctly?

the whores at the rating agency

"Who the hell doesn't pay the mortgage?"
Pure business dogma

Now I think equity is safer than bonds

if the banks weren't bailed out, maybe a bunch of people - both bankers and customers - would've learned valuable lessons...yes, it would've been painful, but what we're about to go through would've been prevented

So how does a CDO filled with "dog shit" get AAA credit rating? That's the real question.

Dud they meet because of the wrong phone call?

synthetic shares.....

I invested in mortgage mutual funds before. It was 1986 or 1987 in a group RRSP with my employer.

Americans blamed it on Greece 😂😂😂

Nobody talks about the N.E.S.R.A. NOBODY will speak of it... Recently updated by the Obama administration to the National Economic Security Restoration Act... Nobody's being told what new UPDATES in the legislation have been added... The N.E.S.R.A will happen... This Economic fallout provision introduced into the 104th Congress has been known for some time. I have an old copy... BUT nobody will speak with me about it...

MBS per se isnt bad. Its a brilliant idea. Rather than waiting for decades to get your capital back get it back now and also distribute the risk and returns. Its the bad construction that spoiled a good thing.

Because ppl are to busy of dreaming being rich quick or buyin stupid expensive bad bunny tickets

That exactly was my reaction while studying for CFA ABS . This is shit ABS is shit.

Do you consider yourself a law
abiding citizen? Does it help?

This is why everybody should murder bankers, politicians, and every other mother fucker that thinks they own you.

What you essentially need to understand is what a CDO is when they put enough shit in a mystery box. They sell it to you and you think it's a good idea cause it's a cheap deal, but inside is a bunch of socks and a basket inside, instead of an Ipad.

The banks did what they did because they knew they would get bailed out. Crazy.

No its fking awesome.

Nope, still dont understand it

The funny thing is concurrent to the mortgage crisis was the ongoing investigation of NSYS & the Justice Department use of RICO in its ultimate prosecution. One can easily argue any of the banks & mortgage institutions w/their iron triangle relationships (fed agencies & Congress) are no different as these & its people are influenced & corrupt. Wait! Bad decisions & luck are not criminal. A staff member for a Congressperson who works for a lobbying group or bank isn't criminal. A former employee of a bank who works for an agency isn't a criminal. Yeah. Someone got a pass or two. 😂

The first ever bank was the Templar knights someone that could be trusted with your money.

This is one of the best movies ever written. Stop teaching wokism to our kids and teach them about THIS. Otherwise, we'll be watching them go through this in another 8 years. Almost lost the house...and I had NO investments in any of this. Now, these democrat run cities are bleeding our country dry. Greed is bad, mmmkay?

He filled out a mortgage application using his dog's name........ Wow. Reality surprises you more than any fiction can.

Not sure why this guy would be explaining anything to financial guys. Dumb questions written in the script for the audience, much like this entire movie. Financial people and high government officials knew this crap was going on and DID NOT CARE!

And they want to put hard working class people in camps for not taking a worthless vaccine ;-(

This time they are gonna blame the retail investor

Learn to edit please

No talk about the central banks role in all of this? Of course, the movie was made by the same system they seem to be denouncing.

8 million people lost jobs, 6 million their homes and that's just in the US. NOBODY WENT TO JAIL globally! Yet if these parasites destroy me and I don't pay tax I go to jail under a crime! Welcome to capitalism.

So the big banks got bailed out, but there is discusses about canceling all debt thinking 🤔

So the ratings agencies were complicit by rating poor quality investments as high quality? Did any of them go to jail?? What about the members of the SEC who weren’t policing the financial institutions?

When I heard some village in northern Norway was deep in bad area USA mortgages I realized what was driving it was profit.........Made in New York and London. Profit that STAYED in NY and L. no matter what happened down the pike either in Norway or some US craphole. Stay away.

Dam iPods are obsolete now

And when the fallout settled, people voted Trump because f-you, I lost my house, everything should burn.

I'M SO GLAD THEY CENSORED THE WORD SHIT

This movie bend over backwards trying to be confusing WHILE explaining everything via celebrities.

now we have snythethic rna vaccines and many squirting fore more as stocks go up in the schemes of dog coin nonsense

Almost 2022 and it’s about to repeat, repeat, REPEAT

And this is a major reason the country is turning into a cesspool.

That last line was all liberal Hollywood. They didn't blame immigrants and poor people. It was the Clinton administration that allowed the standard to be lowered to allow "everyone" of diverse ethnic backgrounds and financial situation to qualify for a home. The banks exploited it. Nobody blamed immigrants, nobody blamed poor people. Everyone blamed the banks, but didn't even mention the Clintons.