There's no shenanigans surrounding the use of CDO's and other financial instruments. Like most of them, they have a valid and legal purpose, the fact that they were abused by banks recently (who misrepresented their value) doesn't remove that use and legality.

You're putting words in my mouth. I'm not saying something is illegal, but questioning its real value.

Oh god.. I got your comment mixed up with someone elses.. you never even mentioned theft. My sincerest apologies!