As we all know, the United States and the world are facing the greatest financial crisis since the Great Depression. Jobs have been lost, credit markets have seized up, and the economy by anyone's standards is in a recession.
How CDOs, CMOs, LILOs and SILOs All Turned into Alphabet Soup
This article provides a very condensed version of both the current financial global crisis and the problems that exist in the LILO/SILO transactions and then draws some unseen parallels shared by each of them. In addition, some conclusions are drawn as to what may be learned from these events.
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