(Bloomberg) Joshua Siegel is bringing back a version of one of the most toxic financial vehicles ever devised and arguing that this time it’s going to be different.His StoneCastle Financial is among the hedge funds that are reviving the collateralized debt obligation, or CDO.CDOs stuffed with mortgages and their derivatives caused billions in losses around the world during the 2008 crisis.
Hedge Funds are Bringing Back Everyone’s Least Favorite Toxic Investment
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