jerry p

CLOs are In; CDOs are Out

CLO's are typically corporate debt and CDO's are various consumer debt, from mortgages, to credit cards, to boat loans to small business loans.

Lehman Battered Hard; JPM To Fire Half of Bear Staff?

Why should the Fed have to act to save foolish financial firms who gambled with CDOs and CDSs? Is the Fed supposed to save every company that takes horrible risks? If that is the case then the Fed should take half of their profits during the good times.