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Freshfields Bruckhaus Deringer US LLP
Articles & Interviews
Credit Derivatives, Asset-Backed Securities, Monolines - Past And Future
Editor: Brian, can you tell us about CDOs and why they became so popular? Rance: A relatively recent phenomenon, asset-backed collateralized debt obligations ("CDOs") came about in the late 1990s when people first realized that a composite group of debt obligations - each with its own independent...
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