Here are a couple of simple graphical representations of the mortgage securitization process:
Graphic by The New York Times
Graphic by Andrew Davidson & Co
A textual explanation of how a CDO and CDS work can be found here and here.
Here are a couple of simple graphical representations of the mortgage securitization process:
Graphic by The New York Times
Graphic by Andrew Davidson & Co
A textual explanation of how a CDO and CDS work can be found here and here.
