Synthetic CDOs Slit Many Banking Throats

It is a very windy, thunderstormy October night. The leaves are being stripped from the trees, flying wildly high into the clouds, whipped far from the gentle embrace of the Mother Trees. So we are going to talk about Synthetic CDOs and figure out not only why they are all losing 80-90% of their value but also looking at the people responsible for this mess and how much did they actually know several years ago. Hint: they knew perfectly well, what they were cooking up. They just thought that October storms would never hit, would it? Right.

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