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    Business
  3. Study Set
    Economics
  4. Exam
    Exam 24: Saving, Investment and the Financial System
  5. Question
    Why Were Collateralized Debt Obligations (CDOs) Based on Residential Mortgages
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Why Were Collateralized Debt Obligations (CDOs) Based on Residential Mortgages

Question 3

Question 3

Essay

Why were Collateralized Debt Obligations (CDOs) based on residential mortgages developed and why did they fail?

Correct Answer:

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