Godorn1979 Wrote:
Nov 24, 2012 12:04 PM
Securitization of sub-prime auto loans in full swing. --- Rating firms believe that with tens of thousands of loans lumped together, the securities are safe even if some of the loans prove worthless. Some analysts worry that the rush to securitization could lead to careless lending by dealers eager to sell more loans, as happened with many mortgage-backed bonds. Expect birthers, baggers and conservatives to blame Frank-Dodd for this eventual free market meltdown!