Video of the Week – Have a Drink on Me
Posted on 18. Nov, 2008 by Jay OHare in Info, Popular, Real Estate, Video, Video of the Week
Collateralized debt obligations (CDOs) are investment instruments that are partially to blame for the mortgage crisis. In this video Marketplace Senior Editor Paddy Hirsch presents a simplified and visual view of the problem at the whiteboard in a 6-minute presentation he calls Financial Crisis 101: CDOs explained.
(Click here if you can’t see the video)
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Jay has been the perfect fit for me and my business. He’s attentive, terribly bright and he makes work fun! Should you find yourself in the need of such services I give Jay and my highest recommendation possible!”
Jay O’Hare is the founder and principal of Altera Performance Group, a marketing and technology company in Steamboat Springs, CO.
What’s amazing is that knock-off CDOs were able to be marketed and sold with inflated ratings (AAA, AA, BBB, etc.) and that this scheme wasn’t detected until the cash stopped flowing. What other shoes will drop?
Given what's happened in the market this past week, there may be many more shoes dropping – boots even!
This was very helpful – I'm sending it to a few clients.
Thanks Jay!
This article about CDOs gave me many important lessons.Thanks!
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