Bummer...I liked my CDO line. I read the memo, and i was literally too bored reading it to try to understand what was illegal 117-wise about the pairings.
So no more CDOs at all? I think this will make a pretty good chunk of more lines, no?
It also might force them into being more efficient with the lines as it will increase the amount of days ending late and starting early. I guess PBS knows how to do that pretty efficiently, but we’ll see how it all shakes out.