Question: What is a collateralized debt obligation? What is the difference between prime vs. subprime loans? In your opinion, should subprime loans, which are securitized, be

What is a collateralized debt obligation? What is the difference between prime vs. subprime loans? In your opinion, should subprime loans, which are securitized, be rated 'AAA' by a ratings agency? Why or why not?

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