FletchforFreedom Wrote:
Nov 24, 2012 3:00 PM
Securitization of loans of all types have been a perfectly benighn form of facilitating markets for nearly a century and an invaluable one particularly for the real estate industry. They were never a problem - and only the ignorant blame them for precipitating the recent financial crisis. Instead, the floof of liquidity by the GOVERNMENT - entirely responsible for the crisis - made riskier investments more attractive than the free market (which has NEVER "melted down") would ever have permitted. Clearly you have never made any effort to learn basic economics.