* Everything is relative and the maxim some claim seems to apply to CDOs as well. Pitching the merits of an equity tranche versus private equity or hedge fund investments, Werner Krendl, managing director at Montana Capital in Vienna, Austria, said, "It's not as toxic as reports say." Hmmm--toxic but not as toxic...
* "Liquidity is there when you don't need it."--Miguel Ramos, managing partner at Washington Square Investment Management in London, commenting on the downside of traditional CDO investments.
