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Advice from traders on Instagram: "Collateralized debt obligation.” It sounds technical, but it’s the key reason a housing downturn became a global economic collapse. A CDO bundled thousands of mortgages good and bad into a single financial product and sold it as “safe” to investors. By mixing risky loans with solid ones and relying on generous credit ratings, Wall Street spread hidden risk across banks, pensions, and economies worldwide. As memorably explained by Anthony Bourdain in The Big Sho
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