Nationally renowned forensic accounting expert, Thomas A. Myers, explains the fundamentals of credit defaults swaps and synthetic CDOs (collateralized debt obligations). These structured finance products were at the heart of the market meltdown, and were the building blocks of numerous allegedly fraudulent transactions, including the Goldman Sachs ABACUS deal, a transaction that caused the SEC to take significant action.


Via The Trader

For more information on the Goldman ABACUS deal, including an overview of the alleged fraud, visit the T.A. Myers & Co. website:

http://www.tamcoforensicgroup.com/goldman/SECvGoldman.htm

Category: Derivatives, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “CDS and Synthetic CDOs Explained”

  1. Greg0658 says:

    I think this is a subhead topic under the cartoon strip here: (but your the boss)
    http://www.ritholtz.com/blog/2012/05/fill-er-up-with-unregulated/

    and was getting for maybe 4 minutes .. lost it somewhere around phase 2 dissolve to ABACUS

    Genesis – Abacab
    http://www.youtube.com/watch?v=QbjfesCI254