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CDO issuance grew from an estimated $20 billion in Q1 2004 to its peak of over $180 billion by Q1 2007, then declined back under $20 billion by Q1 2008. Further, the credit quality of CDO's declined from 2000 to 2007, as the level of subprime and other non-prime mortgage debt increased from 5% to 36% of CDO assets. As described in the section on subprime lending, the CDS and portfolio of CDS called synthetic CDO enabled a theoretically infinite amount to be wagered on the finite value of housing loans outstanding, provided that buyers and sellers of the derivatives could be found. For example, buying a CDS to insure a CDO ended up giving the seller the same risk as if they owned the CDO, when those CDO's became worthless.

When did the issuance of CDO peak?
Answer: Q1 2007
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The Arena Football League (AFL) is the highest level of professional indoor American football in the United States. It was founded in 1987 by Jim Foster, making it the third longest-running professional football league in North America, after the Canadian Football League and the National Football League. It is played indoors on a 68-yard field (about half the distance of an NFL field), resulting in a faster-paced and higher-scoring game. The sport was invented in the early 1980s and patented by Foster, a former executive of the United States Football League and the National Football League.

What does AFL sand for?
Answer: Arena Football League
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27th Street is a one-way street runs from Second Avenue to the West Side Highway with an interruption between Eighth Avenue and Tenth Avenue. It is most noted for its strip between Tenth and Eleventh Avenues, known as Club Row because it features numerous nightclubs and lounges.

Where does 27th Street start?
Answer:
Second Avenue