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Collaterized Debt Obligations

Michael Lewis' New Book, 'The Big Short,' Likley 'The Single Best Piece Of Financial Journalism Ever Written': Felix Salmon

The Big Short | Felix Salmon | Posted 05.25.2011 | Business

Michael Lewis' 'The Big Short,' Felix Salmon writes, "is not the story of the crisis, as the crisis is commonly understood." "Instead, Lewis has foun...

Morgan Stanley Pension Suit: Fund Claims Bank Sold It A $1.2B CDO In Bad Faith

Yahoo! News | Jonathan Stempel | Posted 05.25.2011 | Business

NEW YORK (Reuters) -- Morgan Stanley (MS.N) has been sued by a Virgin Islands pension fund that accused the Wall Street bank of defrauding investors b...

Government Bonds: Banks Are Bulking Up On Sovereign Debt, But It Could Be Risky

Gillian Tett | Posted 05.25.2011 | Business

These days, there is a near-unanimous belief among western regulators that one way to prevent a repeat of the 2007-08 crisis is to stop banks taking c...

Citigroup Sitting On Billions Of Toxic Assets

Reuters | Matthew Goldstein | Posted 05.25.2011 | Business

Hard as it may be to believe, shares of beleaguered Citigroup are on fire. The stock of the de facto U.S. government-owned bank is up some 300 percen...

Wall Street's Collateral Damage (Before You Take Public Transportation, Ask Your Banker)

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

As soon as anyone calls for tight controls on Wall Street, pundits and politicians rush to the defense of "financial innovation."

Morgan Stanley Turns Downgraded CDOs Into AAA Securities

bloomberg.com | Posted 05.25.2011 | Business

July 8 (Bloomberg) -- Morgan Stanley plans to repackage a downgraded collateralized debt obligation backed by leveraged loans into new securities with...

The Retreat of the Shadow Lenders: Why Deflation, not Inflation, Is the Order of the Day

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

The true path to economic recovery is to reclaim money and credit as public resources. Money needs to be transformed from private master to public servant.

Who Are the Best and the Brightest?

B. Jeffrey Madoff | Posted 05.25.2011 | Business
B. Jeffrey Madoff

If these people were "the best and the brightest," why did the financial crisis happen?

Rising Transparency -- One Way to Avoid Massive Market Failure

Andrew Winston | Posted 05.25.2011 | Business
Andrew Winston

A renewed transparency drive may be fueled by the latest emotional issue of the day -- executive pay and bonuses. Let's list everyone who got these bonuses and let the court of public opinion be the judge.

Econ 101: Credit Crunch For Dummies

ABC News | SCOTT MAYEROWITZ | Posted 05.25.2011 | Business

Is your head spinning these days trying follow what is going on with the economy? Subprime. Collateralized Debt Obligations. Liquidity. Every day it...

Citi CEO Spins Foreign Bailout Money

New York Post | Paul Tharp | Posted 05.25.2011 | Business

Vikram Pandit's winding up his 100-day, globetrotting honeymoon as Citigroup's would-be savior by yesterday writing a love note to all employees to as...