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When CDOs Trump Paris Hilton, There's a Problem: Caroline Baum

Appeared on June 27, 2007

When the collateral in residential mortgage bonds is impaired, nothing will undo the losses,&#39;&#39; says <strong>Joseph R. Mason, associate professor of finance at Drexel University</strong> in Philadelphia. It's a static pool of investments, a brain-dead trust.''

Read the full story at Bloomberg.com