CDOs and How They Shaped Global Capital Markets
Chapter 4 is where Tavakoli steps back from mechanics and tells the story of how the CDO market grew. The chapter is titled “CDOs and the Global Capital Markets” and it covers roughly 20 years of history – from the junk bond era of the late 1980s through the explosive synthetic CDO growth of the 2000s to the beginning of the unraveling in 2007.