I have 4 billion in residential CDOs, collateralized debt obligations.

And that's what these residential CDOs are, that are the crux of the issue.

This means no cross border sovereign debt (or esoteric instruments, such as collateralized debt obligations).

And then this is the thing that I really wanted to highlight, that it also had 4 billion of residential collateralized debt obligations.

Valuation of secured claims

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

Finally, solvency rules should be complemented by an obligation that banks issue a substantial amount of non collateralized debt on the order of 100 of their capital that is convertible into equity.

In order to prevent sinners from getting caught in a debt trap, the fines could take the form of covered bonds collateralized with privatizable state assets.

Moreover, defaults on securitized credit card debt and commercial loans to companies that are driven to bankruptcy are still to come.

Recommendations of the draft legislative guide on secured transactions

on Secured Transactions

However, the holder of a CDO or MBS would be unable to take these homeowners to court. And even if he succeeded, homeowners could simply return their house keys, as they, too, enjoy the protection of non recourse.

(c ) Colloquium on Reform of Secured transactions Law the draft UNCITRAL Legislative Guide on Secured Transactions (Clermont Ferrand, France 23 April 2004)

Parties, security rights, secured obligations and assets covered

What CDOs are, you take these mortgage backed securities, you know, they're loans to some people in some region of the country, or maybe they're diversified across regions, then you slice and dice them.

CDOs, collateralized debt obligations, are derived from mortgage backed securities.

The main conditions for success of decentralization include secure tenure and secure fiscal, revenue and taxation power, as well as control over decision making, resources, products and markets.

Credit lines secured by home equity provided another new way to finance spending.

B. External debt and debt relief

The resolution, moreover, calls for the treatment of multilateral debt to alleviate debt and debt service burdens.

Coercive restructuring of insolvent banks unsecured debt would be next.

K. Harmonize secured transactions laws, including conflict of laws rules

(k) Harmonize secured transactions laws, including conflict of laws rules.

Because they know that that is one sure way to do carbon free energy.

B. External debt and debt relief . 27 32 10

Debt

The extended web of finance as it existed in the summer of 2008 was the result of millions of calculations that the US government did, in fact, guarantee the unsecured debt of every very large bank and bank like entity in America.

As with CDOs, however, this might be a Pyrrhic victory.

(a) Provision of credit loans through group guaranteed and individual lending schemes

While international bankers went bust by making legions of bad loans, African bankers stuck to earning profits the old fashioned way paying very little to depositors, and earning a big spread by buying guaranteed government debt, which yielded healthy returns.

While a big US rating agency gave European companies, on average, only a triple B rating in recent years, CDOs based on MBSs easily obtained triple A ratings. According to the IMF, 80 of CDOs were in this category.

Such a debt strategy should include debt cancellation.

Debt and Delusion

Debt and Democracy

The Debt Delusion

Debt relief

A. External debt . 35 9

Debt and politics

We strike debt!

Indeed, more triple A CDOs were created than there were underlying triple A assets.

Art. Every person in the United Mexican States shall enjoy the guarantees guaranteed by the present Constitution.

It was stated that a modern regime on secured transactions could simply not ignore bank accounts.

Licensing of exports will take place with a view to observing norms ensured through national security and the protection of our cultural and artistic heritage.

Innovative forms of debt relief, including debt for equity swaps, debt for social development swaps, and debt for environment swaps, could be widely utilized.

Multilateral debt accounted for 97 per cent of the total debt.