Quote:
Originally Posted by Hugh
There was also responsibility on the behalf of those who gave loans out to people who couldn’t pay them back, and those who hid the bad loans in CDOs.
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Those that gave out the loans didn't create the CDOs. All the CDOs did is play "pass the parcel" with the bad debts. It didn't create the debts in the first place. Then there were those who messed around gambling against the various CDOs.