65.pdf. (4) "Collateral Crises" — Gary Norton, FDIC. http://www.fdic.gov/bank/- analytical/cfr/2011/sept/Gorton_Presentation.pdf 14 EFTA01479733 CLO - Simple and Transparent Structure Used Since Early 1990s IIIn essence, a CLO is nothing more than a finance company set up to purchase and manage a pool of primarily senior secured