CDOs. CDSs. MBSs. RMBSs. CMBSs.

I think more than a few of us became somewhat conversant in that nightmarish alphabet soup of complex securities in the aftermath of the Great Recession. If you, like me, had cleared your memory banks of exactly what’s what in that world, this 211-page decision that U.S. District Judge Lewis Liman of the Southern District of New York issued on August 27 could be a good refresher. 

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