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 proven himself over the years as an incredibly resourceful and inspirational business leader. I have known Jay in several capacities, from corporate strategist to self-made entrepreneur and have always been inspired by his abililty to see problems and challenges from a new angle. Not only does Jay naturally question the way in which things are done, but he has a gift for inventing superior means and solutions by which to be even more successful.”~ Nelson Kunkel
CEO, The Ingredient
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Jay O’Hare is the founder and principal of Altera Performance Group, a marketing and technology company in Steamboat Springs, CO. Jay has fifteen years of experience in the internet world beginning with a tiny start up ISP before consulting for some of the largest companies in the world, including HP, OnStar, FedEx and Service Master. Currently, Jay focuses on helping businesses improve through innovative marketing that adds value to both the company and client relationships.
In addition, his passion for photography has translated into an asset he provides clients as well as editorial publications like DCD Home magazine and local businesses in Steamboat, CO.
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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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