CDO-Related Credit Default Swap Crisis on the Horizon? → Washingtons Blog
CDO-Related Credit Default Swap Crisis on the Horizon? - Washingtons Blog

Friday, November 14, 2008

CDO-Related Credit Default Swap Crisis on the Horizon?

According to the Financial Times:

"[There is a] New wave of CDOs at risk of default .

Synthetic CDOs, the risky and complex debt products that are based on pools of corporate credit derivatives, are under increasing pressure after suffering a wave of default-related losses on top of general credit market deterioration.''

See also this article from Bloomberg.

There are huge volumes of credit default swaps written against collateralized debt obligations (CDOs), the specifics of which have not been made public.

Rising CDO defaults could very well lead to massive new CDS problems, sparking off another round of company failures.

2 comments:

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