anyone watch these???ginha, page-11

Okay, so the buffer refers to the percentage of companies linked to the CDO which are still able to default, right? I think it still sits around 7%, but this new wave of panic from the euro bailout could see that erode pretty quickly?

I take it you see them as too risky?

I dont see what benefit these would have for the companies subscribed, do they divide the funds pooled by this CDO, and then whoever is left at the end pays out the $100 face value.

If ive asked too many questions, no need to reply! i really appreciate your answers so far.