Today in the plane, a banker next to me looked a bit puzzled when I laughed out loud when reading a story in the Financial Times about the Austrian Railways problems with radioactive junk securities bought from Deutsche Bank. We talked a bit, and he told me that in banker jargon the abreviation “CDO” is now translated as Collateral Damage Obligations. The woman with the KPMG labeled notebook on the other side of the aisle looked rather disturbed…