> 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?
Ooh! LBO: Leveraged Buy Out. :)
I can't say if it's purposeful obfuscation, but considering the "innovation" of exotic instruments, combined with the priesthood of econometricians and their mathematical formulae that we're subjected to, I have my suspicions.
-- In Solidarity, Billy O'Connor