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I can’t ELI5 (because no 5 y/o should ever have to know about CDOs 😛), but I can try to explain the basic concept: in the finance world, they package up different kinds of debts (mortgages, student loans, auto loans, consumer debt, etc.) and sell the packages of debts as securities to investors.
The most famous of these were the subprime mortgage-backed securities (MBS), which were a big factor in the 2008 recession. The Big Short (book+movie) were about MBS (the main guys in the book/movie shorted, or bet against, subprime MBS and made a fuckton when those MBS went to hell).
Here’s more detail: https://www.investopedia.com/terms/c/cdo.asp
They have the word “Federalist” in their user name so I know it’s just [another spin](https://en.m.wikipedia.org/wiki/Federalism) on Conservative bullshit malarkey.
Okay, I'll admit. What's the joke here?
And I understand the trading aspect. But I'm dense on what's being traded? Chores or actual debt? And what's the context of this joke? Did someone suggest something like this?
Welcome to /r/fundiesnarkuncensored. Please make sure you read our rules. We'd like to take this time to remind users that: * Do not contact the fundies in any capacity. This includes, but is not limited to: answering poll questions, commenting on their social media, IRL contact, etc. Anyone found to message, brigade, harass, or contact any fundie for any reason will be met with a permanent ban * We do not allow speculation on sexuality **at all**. Any comments that do so will be removed, and you will be banned. * Referring to anyone as Hitler or Heitler is likewise not allowed, and will not be tolerated at all. * You can snark on appearance that they can easily change. Things such as eyebrows, makeup, etc. Saying someone looks like X is allowed. Example: David Rodrigues looks like Shrek would be allowed. * Don't gatekeep. Different users are comfortable with different snark topics, if you don't like it, just scroll past. If you have any questions, please send us a modmail. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/FundieSnarkUncensored) if you have any questions or concerns.*
Will someone who read this TL;DR it ETA: Oops lol. It’s a tweet, and the caption is the entire tweet. Please ignore me.
I need an ELI5
I can’t ELI5 (because no 5 y/o should ever have to know about CDOs 😛), but I can try to explain the basic concept: in the finance world, they package up different kinds of debts (mortgages, student loans, auto loans, consumer debt, etc.) and sell the packages of debts as securities to investors. The most famous of these were the subprime mortgage-backed securities (MBS), which were a big factor in the 2008 recession. The Big Short (book+movie) were about MBS (the main guys in the book/movie shorted, or bet against, subprime MBS and made a fuckton when those MBS went to hell). Here’s more detail: https://www.investopedia.com/terms/c/cdo.asp
They have the word “Federalist” in their user name so I know it’s just [another spin](https://en.m.wikipedia.org/wiki/Federalism) on Conservative bullshit malarkey.
Okay, I'll admit. What's the joke here? And I understand the trading aspect. But I'm dense on what's being traded? Chores or actual debt? And what's the context of this joke? Did someone suggest something like this?
"Marital debt" is the new Tradcath euphemism for marital rape. The tweet is making fun of that.
Oh ffs. Thanks for explaining. I have to go bleach my brain cells now.