AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Talk Your Book: CLOs – The Providers of Leverage
Animal Spirits Podcast
The Differences Between a CLL and a Boogeyman Acronym
The CDOs of the mid 2000s invested in very junior pieces of securitizations of mortgages to subprime borrowers. The loan market, while 2008 was a negative year for the loan market, had you invested in loans just on an unlevered basis on January 1 of 2008,. By the end of 2009, you had a positive total return. Even with 11% of corporate America defaulting, you ended up with more money than you started with.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode