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MMO-Champion
Can anyone explain this to me?
http://www.businessweek.com/news/201...credit-markets
http://www.ft.com/cms/s/0/d5fd71ce-4...#axzz2jtzw53iK
http://www.bloomberg.com/news/2013-1...-cerberus.html
After the mortgage backed securities fiasco, they are actually doing rent backed securities now? Does this seem insanely stupid to anyone else, or am I just misunderstanding things here?
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Thread: Rent Backed Securities?
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2013-11-06, 09:14 PM #1Immortal
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Rent Backed Securities?
Sir Robin, the Not-Quite-So-Brave-As-Sir-Lancelot.
Who had nearly fought the Dragon of Angnor.
Who had almost stood up to the vicious Chicken of Bristol.
And who had personally wet himself, at the Battle of Badon Hill.
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2013-11-06, 09:21 PM #2The Patient
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The problem with mortgage backed securities wasn't the concept, it was the execution. Assuming they can keep out the rampant fraud that was underlying the MBSes (and disallow re-securitizing traunches) might not be any problem with rent-backed securities.
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