Tuesday, October 07, 2008
Financial Crisis 101: CDOs Explained
Anyone who reads this blog knows how much I love innovative approaches to presenting information - particularly complicated, technical information. Garr Reynolds at Presentation Zen posts a great video explaining CDOs or collateralized debt obligations - which are among the investment instruments that are partially to blame for our current financial crisis. Marketplace Senior Editor Paddy Hirsch uses a whiteboard and a marker to explain CDOs in 6 minutes. If you teach economics or business, this is a great way to begin a discussion of our current mortgage crisis.