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I do NOT get it?

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05-05-2010, 12:01 PM

cigarno

Junior Member

Join Date: May 2010

Location: dallas, Tx. USA

Posts: 1

I do NOT get it?

I still do not get it!!.
What is meant by a Synthetic CDO short position?
(1)- Selling the security of the CDO.
(2)- selling insurance on the referenced Synthetic CDO mortgages?
In Other words,
How did IKB ( the German bank) lose money in the Abacus deal

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