By 2006 MBIA had plunged into the much riskier business of guaranteeing collateralized debt obligations, or C.D.O. 's.
到2006年,MBIA开始参与到风险更高的为担保债务凭证提供担保的业务中。
Even collateralized debt obligations, perhaps the biggest money-loser in Wall Street history, are staging a comeback of sorts.
即便是债权抵押证券(CDO)也在准备各种各样的复出。债权抵押证券可能是华尔街历史上赔钱最严重的。
"Collateralized Debt Obligations" are securities based upon a portfolio of fixed income-producing assets, such as home mortgages.
担保债权凭证“是一种将有稳定收入流的固定资产组合,如住房抵押贷款打包而成的有价证券。”
These securities are collateralized debt obligations backed by subprime-mortgage bonds, commercial-mortgage loans and other assets.
CDO以次级抵押贷款债券、商业抵押贷款证券和其他资产作为担保。
When the jargon of the 2008-09 recession wasn't harsh, it was often mystifying: credit default swaps, collateralized debt obligations and quantitative easing.
关于2008—09年经济衰退的流行语并不刺耳,但总是有点迷惑:信用违约掉期,抵押债务以及量化宽松。
Hedge funds and Banks around the world purchased bonds, or risk related to bonds, backed by bad home loans in the form of collateralized debt obligations (CDOs).
对冲基金和世界各地的银行购买债券,或债券有关的风险,在以抵押债务证券(CDO)形成不良住房贷款的支持。
So investment banks took their enormous capital and at first packaged yield-enhanced, subprime mortgage loans into complex derivatives such as collateralized debt obligations (CDOs).
因此投资银行斥巨资提高了首次包装上市的水平,并把次级抵押贷款放到了诸如债务抵押债券(CDOs)等复杂金融衍生品上。
So investment banks took their enormous capital and at first packaged yield-enhanced, subprime mortgage loans into complex derivatives such as collateralized debt obligations (CDOs).
因此投资银行斥巨资提高了首次包装上市的水平,并把次级抵押贷款放到了诸如债务抵押债券(CDOs)等复杂金融衍生品上。
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