Just another sardine sandwich for the big boys.
"If housing was treated like a leveraged stock ****tfolio, margin
clerks would be getting ready for "calls". And you know what? Mortgage
securitization and derivativization has done exactly that. In a few
short years investment bankers and financial engineers managed to turn
the most fundamentally conservative asset class into yet another
"trading sardine", subject to bubbles and busts..."
more, with charts and data:
http://suddendebt.blogspot.com/
