Collateralized Debt Obligations and Structured Finance : New Developments in Cash and Synthetic Securitization

Praise for Collateralized Debt Obligations & Structured Finance "Caveat emptor! Never in the history of finance has this warning been more appropriate. With the development of CDOs, credit derivatives, and other esoteric structured finance techniques, market participants?the savvy as well as the novice?are exposed to a bewildering array of new ideas, concepts, and structures. Janet Tavakoli has tackled these subjects in an outstanding mixture of exposition, mathematics, and skepticism. A must-read for anyone who plans to play in these markets." ?Jack Caouette Vice Chairman, MBIA Insurance Corporation "A timely and comprehensive survey of the latest developments in structured finance, particularly given the rapid pace of change in the last few years. The author?s depth of knowledge and wide experience are conveyed clearly to the reader. At a time when the industry?s ability to meet the complexities of the differing requirements of...