LSTA’s Executive Director, Lee Shaiman, submitted a column to Creditflux. The column addresses the CLO-CDO comparisons that we have seen in abundance in the financial press in recent months.
A recent article by the author of “Fiasco: Blood in the Water on Wall Street” argued that CLOs are the new CDOs. To put it mildly, this is not accurate. Below, we respond to a number of statements in the article.
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