The hedge fund famously profited during the financial crisis by investing in risky mortgage securities known as collateralized debt obligations (CDOs) while also shorting them, a maneuver highlighted in Michael Lewis's book «The Big Short.» (fortune.com)
Many directors joined the boards of financial institutions in simpler times, long before the days of collateralized debt obligations, structured investment vehicles, credit swaps, and other complex financial tools. (canadianbusiness.com)
Government bonds are a straightforward security, unlike, say, synthetic collateralized debt obligations stuffed with sub-prime mortgages. (canadianbusiness.com)