2.
The bank started giving loans to people with appropriate collateral security which they sold it to Investment Bank further for a fixed commission. Now, investment banks bundled these loans to form a complex derivative called CDO ( Collateralized Debt Obligation).
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An artist, writer, storyteller too and Entrepreneur. Founder of Formaculture, a young community for young ideas and socio entrepreneur, a science student with a finance community - WEALTHONOMY.
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