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CDS and Synthetic CDOs Explained

Posted By Barry Ritholtz On May 12, 2012 @ 7:45 am In Derivatives,Video | Comments Disabled

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 [1]

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


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URL to article: http://www.ritholtz.com/blog/2012/05/cds-and-synthetic-cdos-explained/

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[1] The Trader: http://www.thetrader.se/2012/05/10/dimond/

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