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RE: Alice has 5 ice cubes, Bob takes 3, how many ice cubes does Alice have left for her afternoon Thai iced tea?
I remember the CDOs being explained in the movie big short by Selena Gomez. I loved that they did that so us normies can try and understand. I knew nothing about them at the time.
Youre right. Complicated enough to look legitimate but they dont take everything in account, like many things in finance. :)