What is a CDO - Collateralized Debt Obligation?
Video Summary: The investment fraud lawyer, Sam Edwards, discusses what CDOs are and describes examples of CDOs with credit card companies.
A CDO is a collateralized debt obligation. It is effectively a pool of debt usually like debt. So, for example, a group of credit card companies make it together and pull together their credit card receipts and pull those into a single security and then sell those out to the investing public.