Understanding Complex Financial Products pt. 1
In this podcast, I explain the meaning behind all those complicated investment products that being with initials. I also go into a little bit of detail about mortgage-backed securities and the evolution of collateralized mortgage obligations.
Understanding Complex Financial Products pt. 2
In this podcast, I talk about what a Collateralized Debt Obligation is, how they are made up, how the payment process works, and what eventually went wrong that caused CDOs to collapse.