Premium to Humility (guest: Neil Azous)
The Market Huddle
00:00
The History of Credit Derivatives
At that time, they would be called the Lehman indices that people would use to hedge. And then thirdly, the third leg of those businesses were collateralized debt obligations or CDOs. I remember him coming down to our desk early on and saying, this is going to be a new important product. We need to take this business from a $10 million business to a $400 million business.
Transcript
Play full episode
