“It’s a CDO player; it plays CDOs. It cost me like 600 bucks.”

I follow the US market fairly closely and buy and sell individual stocks mainly as a hobby (i.e. I like to gamble).  I realize that the housing mess has affected the economy and that millions of dollars have evaporated over the last couple years but I certainly can’t explain the intricacies of the relationship between toxic mortgages and Wall St.’s cliff dive.  Then I found this video which clearly explains the notion of a CDO, which is rarely explained in news stories.

Anyone get the title quote?

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One thought on ““It’s a CDO player; it plays CDOs. It cost me like 600 bucks.”

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