What the fuck is a synthetic CDO?

They briefly explained it in the movie. From what I can tell even the people who invest in them don't fully understand them

>>82460044
Synthetic CDO's are backed by noncash assets, while a regular CDO is a collection of debts packaged together to marginalize risk and have some real assets behind them.

>>82460044
Here's Justin Bieber to explain using carrots as an example!

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>>82460044
>>82460044

>>82460788
Its not that it's a complicated concept, just that its buried under industry jargon.
I work in distribution and could make looking up a UPS tracking number sound super complicated even to other people in the industry, I do it all the time too. Obfuscation is an important job skill.

>>82461065
Thanks, Selena

>>82462103
It's too bad I spent all my time learning pharmacokinetics jargon instead of financial jargon. I could've made a lot more money if I'd learned financials

Those four arrows are forming a swastika, anyone else notice that

>>82462300
I don't see it

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You're fucking us aren't you? You FUCK!