Stick Figures Explain CDOs and Subprime
(click image for full power point presentation; via The Big Picture)
![By Klapi (Own work) [CC BY-SA 4.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3NTgzNzIyNDg5ODIw/whitewalker.jpg)
Bank Lobbyists Fighting New Provision on Trust Preferred CDOs
Turns out mortgages weren’t the only toxic assets that were packaged into CDOs. Small community banks issued billions of dollars in trust preferred securities before the credit crunch as a way to prop up their capital cushions. Problem is, the only way they could sell the so-called TruPS to investors was to bundle them up into CDOs.