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You're confusing a synthetic collateralized debt obligation (CDO squared) with a credit default swap (CDS).



Good, the last thing I want is to be an expert in the details of the obfuscation and misdirection of the scammers on Wall St. during '07


Why are you responding with snark and sarcasm to someone who pointed out a factual error in your post? Don't do that.


I'm not being sarcastic, I think it is a huge waste of time to try to understand the details of a system that is specifically designed to be obtuse and confusing when if you zoom out you can understand the system just fine at higher levels.


That's tangential to the point. You accidentally posted misinformation to the internet and somebody corrected you. Don't go off on a raging tangent, just say "thanks" or something.


"thanks" or something




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