The Bomb That Blew Up in 2008? We’re Planting Another One

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  • (Bloomberg Opinion) — Financial markets have short memories. Of late, they’ve convinced themselves that collateralized loan obligations (CLOs) are much safer instruments than the collateralized debt obligations, or CDOs, on which they’re based and which helped precipitate the 2008 crisis. They’re wrong — and dangerously so. Current CLOs outstanding […]

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