So what is the need for "John" or the CLO? Why can't the bank provide the "syndicated" loan directly to the investor? Is the primary reason to work around the bank's capitalization requirements because it is gov't regulated?
Your whiteboard explanations are terrific! Keep up the good work. Now excuse me while I go pour a drink.
With those glasses, you're the spitting image of Leslie Howard in Pygmalion ... but Henry Higgins never had a magic whiteboard that explained it all to us Doolittles. Thank you again, Paddy.
That helps to clear up CLOs.
Do you know of a good book or an on-line video that sheds light on portfolio management (specifically real estate)?
Could you explain the "syndicate of lenders" in more detail? Is it like a collateralized ____ obligation, where certain lenders can take precedence in when they get paid back?
I love you Padmeister.
Great work Paddy. I just watched all of your videos (fantastic stuff) and now I really need a drink.
PS - love the glasses!
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