Collateralized loan obligations (CLOs) outstanding have risen by 130% to $600 billion in the last ten years. When the music stops, someone is going to fall on the floor pretty hard. The effects will be much more painful, longer lasting, and contagious to taxpayers than a musical chairs game.
Collateralized loan obligations (CLOs) outstanding have risen by 130% to $600 billion in the last ten years. When the music stops, someone is going to fall on the floor pretty hard. The effects will be much more painful, longer lasting, and contagious to taxpayers than a musical chairs game.
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