not enough money in the world, page-3

  1. 3,715 Posts.
    Scary numbers, but I just don't get it.

    Securitisation is the process of making securities of smaller assets.

    You can't just make this stuff up, so there has to be a value associated with them.

    Sure, many houses may be essentially worthless, but what is being talked about here is essentially 100 million homes with mortgages worth an average of $500,000.

    The numbers just don't seem to add up.

    Yes, CDS will see some serious problems, and we are heavily in the crapper, but I don't see it as the complete end of the world as we know it as this article is pointing out.
 
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