In stock market jargon, asset-backed securities-collateralized debt obligations (ABS-CDO), i.e. asset-backed securities that themselves contain asset-backed securities. As a rule, such securities are very difficult to understand, especially in terms of their risk content. – See credit default swap squared, financial architecture, collateral crisis, monoliners, securities, toxic, product registration, reintermediation, packaging art, comprehensibility.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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