As we walked through the culture festival on Saturday our eyes and especially the hands of our son Tim caught the following funny animals who have been on sale by a DIY-artist. They are all made from wood and the main core, the piggy bank or coin box, is an empty coconut.
CDO - the atomic weapons of the financial world
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Short explanation of CDO's (Collateralized debt obligations):
A CDO is a package of many mortgages of different house owners, often even
from different ban...
8 years ago
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