Entries tagged "securitization"
Fingers are pointing at the Community Reinvestment Act as the main culprit for the credit crisis, even though this tired meme has been debunked over and over again.
Pundits and bloggers are championing the idea of outlawing securitization, but such a drastic measure would not only alter Wall Street, but America's middle-class lifestyle too.
With the explosion in debt securitization in the 1990s, traditional bankers were forced into retirement, leaving Wall Street only with the quants who created the crisis.
