How Asset Backed Securities Will Tank the Banks. CLO = CDO

Well it’s 2008 all over again. This video explains asset backed securities. Goldman Sachs has been selling versions of these packaged securitized debt offerings. To pensions and mutual funds. Among other banks. This is how 2008 happened. The fed has said - asset prices will go down if the beer siqness is not handled. It isn’t. And Goldman is in the middle of a big fat situation. This video explains CLO’s and in my other videos you can see just what Goldman is doing right now.