(..) throw all this unsold fish, which is the BBB-level of bond, in the garbage? and take the loss? No way! Being a crafty and morally honorous chef that i am... Every crappy levels of the bond i don't sell... i throw into a seafood stew. It's not old fish! It's a whole new thing! The best part is.... (..)

(..) Say that again! Collateralized Debt Obligations It's important to understand, because it's what allowed the housing crisis become a nationwide economic disaster. Here's world-famous chef Anthony Bourdain to explain. OK, I'm a chef on a Sunday-afternoon setting the menu of a big restaurant. (..)