Reading The Big Short, when Goldman and the big banks created the synthetic CDOs, did they issue the CDS or was it AIG? Is this correct? How did Goldman make synthetic CDOs
![We are at the point of The Big Short when Mark Baum learns about synthetic CDO's from a CDO Manager. This is the SEC and DTCC looking at Shitadel right now. : We are at the point of The Big Short when Mark Baum learns about synthetic CDO's from a CDO Manager. This is the SEC and DTCC looking at Shitadel right now. :](https://preview.redd.it/digzus5pgtr61.jpg?auto=webp&s=b86f8140f0943ab8f2acda86100d42bc089e5bf0)
We are at the point of The Big Short when Mark Baum learns about synthetic CDO's from a CDO Manager. This is the SEC and DTCC looking at Shitadel right now. :
Synthetic CDO | "If the mortgage bonds that Michael Burry discovered were the match and the CDOs were the kerosene-soaked rags, then the syntetic CDO was the atomic bomb... | By Wall
![Why did Mark Baum get angry after the CDO manager told him to reveal his net worth after he reveals his in The Big Short? - Quora Why did Mark Baum get angry after the CDO manager told him to reveal his net worth after he reveals his in The Big Short? - Quora](https://qph.cf2.quoracdn.net/main-qimg-d62500f7ceae492c6d929da00446d173.webp)