2009-05-24ritholtz.com

" Below is a comment by LSU Professor Joseph Mason and Eric Higgins on the evolving situation in the securitization market. While the folks at the Fed and Treasury pretend that they can breathe life back into the private label securitization market, the legal underpinnings of this OTC market are disintegrating under the weight of mounting losses and falling cash flow"



Comments:

catherine at 12:29 2009-05-25 said:
and we read article after article on how commercial and credit cards WEREN'T SECURITIZED LIKE MORTGAGES

Strap in guys........................ Permalink

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