Political Quotes

John McCain: In other words, in a synthetic CDO, you don't really have any ownership. You are just betting on the fortunes of that…

On the recordApril 26, 2010
In other words, in a synthetic CDO, you don't really have any ownership. You are just betting on the fortunes of that CDO, is that correct?
Said by
John McCain
Republican · Arizona

Editor's note · Context

Senator McCain summarizes the nature of synthetic CDOs.

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