Michael: > I did not even know anything about CDOs before > I read the Partnoy book.
Welcome to the real world of finance! For those of you who are interested in CDOs, that is, Collateralized Debt Obligations, here is a good article: http://www.stanford.edu/~duffie/ddng.pdf Parts of it are quite mathematical but there is lots of useful information there and if you are not interested in the math part, just skip that without missing much. Also of interest to some may be this: http://www.stanford.edu/~duffie/canabarro-duffie_020603.pdf Best, Sabri
