How to put a CDO out of its misery?
financialcrisis 22 Mar 2009 20:23
An important rule for an investor is to never invest in something you do not understand. No one, and believe me, no one understands CDOs, so no one should be investing in CDOs. They are an abomination that needs to go.
But how? If you come to the conclusion one day that CDOs must go, how can you go about making sure that it happens? What is the typical life of CDO? Could youo just let the mature and die of natural causes? Is there a way to accelerate the death?