CDOs explained

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Comment count is 8

zatojones

- 2008-10-06

-1 for the "joke" end

Subfuscious

- 2008-10-06

-1 for the joke, but +1 for drawing an extra "leg" on the first fund manager.

TeenerTot

- 2008-10-06

the sad part is that this is the best explanation I've heard for this stuff.

Camonk

- 2008-10-06

Thanks for explaining the economic causes for me wanting to drink myself unconscious every night! -1 for making fun of that.

No I'm kidding. -1 because he's foreign.

baleen

- 2008-10-06

+1 for stickshlong
+1 for sideburns
-2 for being who he is
-1 because I can smell him
+1 saving throw vs. poison

meamlegion

- 2008-10-06

as long as a cheerful Irishman is explaining bad news to me using a booze metaphor, I feel much better about this disaster.

chumbucket

- 2008-10-06

so let me get this straight: the foundation of the US economy rests on the success of the HOUSING MARKET? Who's kooky idea was that?

TheQuakeSoldier

- 2008-10-06

Well, the biggest expense I have each month is my mortgage payment, as I'd expect is the case for millions of others as well. Seeing as how house payments are such a huge part of people's lives, I'd expect a meltdown in that sector to have a larger effect on the financial system than any other particular sector (cars, electronics, tourism, whatever).

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