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Collateralized Debt Obligation
Welcome to the major leagues of debt. Collateralized debt obligations, almost always referred to as a CDOs, are horrendously complicated deals that often leave anyone without a MBA wondering what was put into these CDOs.
The first thing to understand about bonds, (aka debt) is that bonds are often backed by something else. Think about your home mortgage. If you don’t pay your mortgage, the bank can take the house. You end up homeless, and the bank sells the house to pay off the rest of that mortgage. There is something “backing” that mortgage; something lender can fall back on, if you don’t pay your bills like a good human being. That’s called collateral.
CDOs are one flavor of an entire sector of investing called structured finance, and they are also backed. CDOs, in the simplest concept, are just bonds backed by something else. In most cases, a CDO is backed by a collection of various types of debt. CDOs can be home mortgages, or other types of debt like credit cards, auto loans, and personal loans. Most of these types of debt are usually considered a bit more risky and they don’t have the backing that a home loan does. So, if you think it through, you can imagine that CDOs are usually considered a risky investment.
To take a step further, understand that CDOs have multiple flavors within each CDO. These flavors are called tranches. If you’ve taken French, you might recognize the word, it means “slice” or “portion.” Each slice of that CDO you invest in is a little different and carries different amounts of risk.
You could invest in the lowest risk tranche of the CDO, which would provide you lower risk. But, you don’t get a good return on that investment. Or, you can be the heroic adventurer of bonds and invest in the lowest-grade tranche of the CDO. You’ll make an amazing return, but if the economy even looks at you wrong, you might lose the entire investment.

foxbusiness.com

Take a deep breath:
A castaway is dead. We learn the identity of another of the Oceanic Six. We learn who owns the boat. And we meet Ben's spy on the boat.
Has there ever been an episode that answered so many questions yet advanced the plot so little? Not that I'm complaining — Ji Yeon continued the near-perfect season four. It was a masterful episode, and I doubt there was a dry eye among viewers at the end.
Frank is pacing around the boat, and in the halls we meet Regina (Zoe Bell, from Death Proof) who seems a tad disturbed; she's reading a book upside down without seeming to notice. Methinks she's followed Desmond back to the past. It turns out she's guarding Sayid and Desmond, who have been locked in the sick bay since their trip to the radio room. Sayid is surprised when Frank tells them he wasn't the one who opened the door to let them out. So then who was? Later on a note to Sayid and Desmond is slipped through the door: "Don't trust the captain." Sayid tells Desmond about Ben's spy on the boat.
On the beach, Jin and Sun are discussing baby names. Jin is convinced it will be a girl, Sun thinks it will be a boy. Jin likes the name Ji Yeon, but Sun doesn't want to jinx the pregnancy; remember, if she doesn't get off the island she'll die.
Flash forward to Sun in front of a mirror, putting on makeup. She feels something is wrong; she sits on the bed, and calls the hospital. We see she is very pregnant and she is going into labour. Meanwhile, Jin is rushing to get to the hospital on time. He stops off a the toy to buy a stuffed panda.

network.nationalpost.com