Fallout From the Housing Crisis
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Securitization,
United States Financial System,
Edward E. Yardeni,
Student Loans,
Investment Banks,
Lenders,
Commercial Mortgages,
Business News
The US financial system sold the world's investors mortgage securities that were founded on faulty assumptions that a) U.S. homeowners will never default, and b) that U.S. housing prices always go up.
Jim Randel | Posted 09.14.2008 | Business