Exactly why we can't turn CDO back to individual mortgage?

Discussion in 'Economics' started by poyayan, Sep 26, 2008.

  1. poyayan


    There is this fundamental question that I want to ask for a long time. Exactly why we can't turn these CDO back to individual mortgage one by one?

    Yes, I know it is tedious and it is hard work. It is not rocket science though.

    If I know this mortgage is related to this address and owned by this person with credit score XXX and credit history. I bet that can be auctioned off with fair value.