The Similarities Between the CLO and MBS Markets CLOs are the new MBS, and in Part 2 of this article, I am going to tell you why (read Part I here). The reason mortgages were sold off to investment banks…
Category: the next big short
The next big short, a new financial house of cards that threatens to implode the global economy, is here. Though this article is a bit premature (I’ll discuss why in Part II of this article), it still deserves a lot…