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Marketplace Off Air

Crisis explainer: Uncorking CDOs

Richard Core Oct 3, 2008

Senior Editor Paddy Hirsch helped us in the Marketplace office understand how some of Wall Street’s complicated investment instruments led us into this financial mess. We thought his “champagne glass” explanation of “collateralized debt obligations” at the whiteboard might make it clear for you too. So we put “professor” Hirsch on video.

And you can get more from Rico Gagliano’s report: Financial Crisis 101

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