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How CDOs, CMOs, LILOs and SILOs All Turned into Alphabet Soup

By Howard K. Weber

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. The general consensus is that due to this crisis an entirely new economic structure may be in place before it is over.

This recession has, of course, affected the leasing industry as well and the large-ticket, tax-oriented market in particular. Volumes in the large-ticket sector have declined dramatically over the last few years. All one needs to do is read the stories in the newspaper or go online to see how the industry has been affected.

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