I fell in love with the headline, Bankers: Quit selling your loans, and I loved the simple, straight forward approach Eleanor Bloxham takes regarding the banks infatuation with securitization.
So, can Wall Street explain to Main Street why their ongoing addiction to mortgage securitizations are a good thing for Main Street?
2 comments:
That article shows a complete lack of understanding of some of the most fundamental concepts surrounding mortgage banking and securitization. Your strong endorsement of the article is telling as to your knowledge level.
Ron Paul just asked the same question 18 months later that Bloxham brings up in this article, so I would trust those two over you anytime.
Ron Paul asks why the Fed hides behind a middle man fraudster.
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