Wall Street’s Newest Frankenstein Scam: “Collateralized Fund Obligations”
via bloomberg: The townspeople just can’t win. Consider Wall Street’s latest financial Frankenstein of a bad idea, collateralized fund obligations. Perhaps a better monster metaphor would be zombies, because these securities are the sort of terrible concoction that rise out of the Wall Street swamp and don’t seem to die. Collateralized fund obligations, or CFOs, were first given … Read more