Article
From Collateral Damage To Cautious Optimism: The U.S. Clo Market Forges Ahead In 2012
The U.S. market for collateralized loan obligations (CLOs) has suffered in recent years, the victim of guilt by association with its distant "acronymed" cousins—especially SIVs and CDOs backed by other securities collateralized by subprime home mortgages and other poorly underwritten consumer debt.

Milbank
