So…. CDOs, SIVs, yeah. Fed, everything about you in this thread screams recent college graduate, young married with kids just starting school. You say you oversaw 4 trillion in securitized debt? And it didn’t occur to you how ridiculous the idea of collateralized tuition payments was? Yeah. So while it might have sounded like fun when you learned about them in school but trust me, in most cases packaging debt is insane.
It makes me wonder what kind of understanding people who study this market in college in the post-financial meltdown world will have. I suppose it’s like every other period in history, it can’t be represented properly except by living through it.