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Crisis explainer: Uncorking CDOs

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by Paddy Hirsch
Friday, October 3, 2008 (All day)

Marketplace Senior Editor Paddy Hirsch gives a bubbly explanation of the intricacies of "collateralized debt obligations" -- those financial instruments that got us into this financial mess.

About the author

Paddy Hirsch is the Senior Producer, Personal Finance at Marketplace and the creator and host of the Marketplace Whiteboard. Follow Paddy on Twitter @paddyhirsch and on facebook at www.facebook.com/paddyhirsch101
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TTSS84's picture
TTSS84 - Feb 15, 2012

Excellent video! Any chance for a "synthetic" CDO video?

Franklin's picture
Franklin - Jan 31, 2012

Reminds me of this video from the Daily Show (some strong language): http://www.thedailyshow.com/watch/wed-august-12-2009/mba-ethics-oath

Benee Hopson's picture
Benee Hopson - Jul 4, 2011

My Mom had a saying: When you point a finger, 3 fingers are pointing back at you. There's enough blame to go around for everybody. Greedy bankers, fund managers, investors, & borrowers all contributed to this mess. Forget about fixing blame because we never get past that point. Fix the problem, not the blame.

Sarah Francomano's picture
Sarah Francomano - Apr 21, 2011

You should use IdeaPaint for these segments... www.ideapaint.com (client) :)

amy smith's picture
amy smith - Jan 10, 2011

AWESOME! this is really helpful. a truly intelligent person is one who can explain a complex concept into lay-man terms!

bruce robertson's picture
bruce robertson - Nov 8, 2010

excellent presentation! will you be arrested soon for revealing trade secrets?

J M's picture
J M - Sep 16, 2010

Please continue to make good videos on other financial subjucts to educated the tremendous masses of typically ignorant victimized American (vs European) sheeple. Knowledge is power.

J M's picture
J M - Sep 16, 2010

Aye, aye man! Brilliant! Sheer genius! About time somebody explains in a few minutes what that mass financial media have been too incompetent(or afraid) to explain for quite a while now..I'm going to have a drink. I'll have a spot of tea. :)Keep up the good work good fellow!

Riccardo Mario Corato's picture
Riccardo Mario ... - Sep 3, 2010

Complimenti!
Great explanation.
Very meaningful and interesting for education purposes.
I would suggest that you keep working to enhance it, going deeper, and produce more of this "antibodies".
Many thanks. Best regards,
Riccardo Corato

Patrick Neary's picture
Patrick Neary - Aug 31, 2010

Right,
Now when do the folks who repackaged and up-rated the poor performing loans go to jail?

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