Liar loans: Mortgage securitization disaster 2.0

Securitizing liar loans will work out well for early adopters, but as these loans proliferate, they destabilize the market and lead to disaster.

If at first you don’t succeed, try, try again. Then quit. There’s no point in being a damn fool about it.
W. C. Fields
Were liar loans an… – Liar loans: Mortgage securitization disaster 2.0

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