CDO-squared

Next, they created bundles of bundles of bundles, called CDO-squared.

Boston.com Top Stories 2011

The GS product in question wasn't a derivative, it was a very complex structured product called a re-securitization (in this case, a CDO-squared) – in effect taking slices of many different asset pools, combining them and then re-slicing.

Bill Clinton questions if Goldman Sachs broke law 2010

A CDO-squared is made up of other CDO bonds, rather than MBS bonds.

Thomas Adams and Yves Smith: CDO Market -- Rife With Collusion and Manipulation? 2010

A CDO-squared is made up of other CDO bonds, rather than MBS bonds.

CDO Market -- Rife With Collusion and Manipulation? Thomas Adams 2010

Merrill Lynch further disguised risk by repackaging phony "investment grade" tranches into new investments called CDOs and CDO-squared.

Janet Tavakoli: Bank of America's Shareholders (and All Wall Street Shareholders) Should Reject Bonus Plans 2010

Both funds managed by BSAM included CDO and CDO-squared tranches backed in part by subprime loans and other securitizations (collateralized loan obligations) backed by corporate loans and leveraged corporate loans.

Janet Tavakoli: Ralph Cioffi: Off the Hook for a Long Time Pattern of Behavior 2009

As one goes up the chain to collateralized mortgage obligations and to CDO and CDO-squared, and all their tranches, the complexity increases and data availability is much more limited.

It’s Worth the Trouble To Value Toxic Assets 2009

You could even take lower-rated tranches of other CDOs, put them in a pool, and tranche them—an instrument known as a CDO-squared , which at that point was so far removed from any actual underlying bond or loan or mortgage that no one really had a clue what it included.

Recipe for Disaster: The Formula That Killed Wall Street By Felix Salmon 2009

You could even take lower-rated tranches of other CDOs, put them in a pool, and tranche them—an instrument known as a CDO-squared , which at that point was so far removed from any actual underlying bond or loan or mortgage that no one really had a clue what it included.

Recipe for Disaster: The Formula That Killed Wall Street Felix Salmon 2009

The bankers would be asked to explain things like "what is a CDO-squared?"

Give Bank Boards a Spine 2008