Selasa, 10 April 2012

Still Scratching Head About Housing Bubble and Credit Crisis?

Question by Dan: Still Scratching Head About Housing Bubble and Credit Crisis?
I think this might explain the head scratching caused by the intentional obscuring of the scam that has caused us the bewilderment:

The mortgages (underwriting by lenders like your local bank and national mortgage underwriters like Countrywide) where sold to investment banks that packaged them into MBS Trusts (regulated Mortgage Backed Security Trust buys mortgages to pool together) then sold the issued bonds to

Loans Bad Credit Loans

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