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Crisis explainer: Uncorking CDOs

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 a Senior Editor 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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Thanks Paddy for the insight and for simplifying these important and complex, real practices. Keep up the good work!! I look forward to more topics being added. In the meantime, I'm going to get a drink...

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