Tuesday, October 28, 2008

Structured finance, the rise and fall

Bloomberg.com: Exclusive: "Evil Wall Street Exports Boomed With `Fools' Born to Buy Debt" "The bundling of consumer loans and home mortgages into packages of securities -- a process known as securitization -- was the biggest U.S. export business of the 21st century. More than $27 trillion of these securities have been sold since 2001, according to the Securities Industry Financial Markets

0 comments:

Post a Comment