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Heard the One About the CDO That Actually Wasn't? Don't Ask

"On a scorching summer day in lower Manhattan, a group of visitors from places like Belgium, Turkey and the U.S. eyed an unusual tourist attraction: a collateralized debt obligation.

"This intimate encounter with some confusing but important financial wizardry was part of the walking tour of the 2008 global crisis. It cost the tourists $50 in nonsynthetic cash.

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