Collateralized loan obligations (CLOs) were a key tool in the amped-up housing market of the last decade, but they seemed to largely disappear with the subprime mortgage crisis. Now, Marketplace's Paddy Hirsch says they are back, and he describes their importance in the buying and selling of leveraged loans:
CLOs from Marketplace on Vimeo.
Posted
03-23-2010 2:01 PM
by
Graham Griffith