Originally Posted by
Purple Drank
Let's see if we can find some common ground. Regardless of whether or not one thinks CDOs are safe, I think we can all agree that they are a concession.
And we don't need to entertain concessions in C15.
They are definitely not a concession if done right, which, I posted an outline of what's needed to make them a contract improvement. You won't even be able to touch CDO's until you are very senior, and I don't recall concessions going super senior. Living in base makes CDO's a must, there is no way you could duplicate the kind of credit you would get on a CDO line, without busting your balls on a regular line. CDO's in the TA 14-01, were worth 1400 credit per year starting. That's $400-$600K for captains doing them.