The Bomb That Blew Up in 2008? We’re Planting Another One
A demonstrator holds a grenade on the Francisco De Paula Santander International Bridge near the border with Venezuela in Colombia. (Photographer: Federico Rios/Bloomberg)

The Bomb That Blew Up in 2008? We’re Planting Another One

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(Bloomberg Opinion) -- Financial markets have short memories. Of late, they’ve convinced themselves that collateralized loan obligations (CLOs) are much safer instruments than the collateralized de...
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