Bloomberg the Company & Its Products Bloomberg Anywhere Remote Login Bloomberg Anywhere Login. Hybrid CDOs Are ‘Cheapest Thing in the Entire Globe,’ CSAM Says. PineBridge Says Markets.

October 25, 2008 Elaine Meinel Supkis It is a very windy, thunderstormy October night. The leaves are being stripped from the trees, flying wildly high into the clouds, whipped far from the gentle embrace of the Mother Trees. So we are going to talk about Synthetic CDOs and figure out not only why they are all losing 80-90% of their value but also looking at the people responsible for this.

If they intervene to prop up the dollar (and keep their own currency cheap), that raises their foreign reserves, which in turn would usually push up the domestic monetary supply and create inflation.

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It all sounds very familiar to many who were managing assets in 2007. Adam Tempkin reported a story in Bloomberg last May 21 st that quoted CSAM saying that "Hybrid CDOs are the ‘Cheapest Thing in the Entire Globe". These are products that bundle bonds and loans together into higher-rated securities.

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