6 – The Origins of Asset Backed Securities (ABS) – Part I

In the movie “The Big Short”, there’re a bunch of financial instruments such as ABS, MBS, CDO, CDS being brought to the screen. What are those financial instruments actually? How are they created? The answer is: ABS, MBS, CDO, CDS – all of them are liabilities issued by “shadow banks” such as investment banks, hedgeContinue reading “6 – The Origins of Asset Backed Securities (ABS) – Part I”