What Are "Collateralized Debt Obligations?" Watch These Champagne Glasses.

What Are "Collateralized Debt Obligations?" Watch These Champagne Glasses.

There’s a lot of funky financial terms getting thrown as we try to explain how the money meltdown started in the first place, and one of the funkiest is a CDO or “collateralized debt obligation.” Luckily, Paddy Hirsch from Marketplace is here to explain it using just champagne glasses, a whiteboard, and a sexy British accent..