CDO’s, CDS’s and the House of Cards

While working on Wall Street, I spent endless moments trying hard to understand lots of terminology & products. Often feeling like a fool and never giving up. Today I caught the tail end of this video on CNBC – Memories came flooding back. Endless conversations I had had trying to understand some of the credit products like CDS’s, CDO’s and MBS’s. Selling million $ software was not an easy 6 years. This Video brings back LOTS of memories. Lessons I plan on keeping close to heart, my number 1 lesson is to keep asking questions, no matter how stupid I Feel.

Here’s the link if anyone wants to take a look, you’ll even get to see Greenspan admitting he didn’t understand some of the credit products himself. My question to Greenspan would be when, and to whom did you say “please explain more?” House of Cards – CNBC.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s