In this installment of Ahead of the Curve, Chris Whalen, chairman of Whalen Global Advisors, sits down with Ralph Delguidice, global macro strategist at Pavilion Global Markets, and Jason New, co-CEO and head of opportunistic credit at Onex, to break down the difference between the CDOs – that helped fuel the great financial crisis in 2008 – and the intricate world of collateralized loan obligations (CLOs) today. Delguidice and Whalen break down how CLOs work and the impact of COVID-19 on the CLO market. Both Delguidice and New provide their perspective on Frank Partnoy’s recent article called “Will the Banks Collapse?” in The Atlantic. New also explains how COVID-19 related defaults could impact the opaque asset class. Filmed in July 2020. For access to full interviews, join Real Vision Plus.