[lbo-talk] Crisis Acronyms
D. T. cochrane
dtc at yorku.ca
Sat Aug 15 11:19:59 PDT 2009
What acronyms can people think of that have been associated with the
subprime crisis? Here are a few off the top of my head:
CDO: collateralized debt obligation
CDS: credit default swap
ABS: asset backed security
MBS: mortgage backed security
Are these acronyms just about simplification and efficiency, or are
they consciously a means of befuddling outsiders?
Troy
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