FT Alphaville » Blog Archive » Synthetic CDOs: not saving anything - 0 views
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Kirll Shaman on 06 Dec 08Collateralized Debt Obligations
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the error was one of management, not of financial technology. The banks’ balance sheets — and those of their off-balance-sheet vehicles — were expanding faster than the banks’ executives and risk managers could really keep a handle on.
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“super-senior”
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