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What is that CDO worth?

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Mortgage and Lending with Arnold Fitger Williams
Well, as it turns out, there is a way to find out what the "Collateralized Debt Obligation" that people invested in should be worth, after plugging in a few numbers.


The problem, though, is that any good market maker will take that, say, "It's a reasonable guess, but are you BUYING at that price, or SELLING at that price?" And there is where the rubber meets the road: these are now sold in a market which is unsure enough to treat estimates as ceilings.
Wayne Miller
San Diego, CA
HUH, not sure what this is but now I'm curious and willing to learn. 
Oct 24, 2007 01:05 AM
Arnold Williams
Arnold Fitger Williams - Los Angeles, CA
Hi, Wayne.  Start by clicking the links, then use "CDO" as a keyword in a google search.
Oct 24, 2007 01:33 AM