FDIC sources confirmed to HousingWire in January a move to consider securitizing assets seized from failed banks and depository institutions. The Securities Industry and Financial Markets Association (SIFMA) called it “an attempt to restart the stalled securitization markets.”
Courtsey of Jim. This one deserves a post.
Combination of hubris and desperation. Structured products, OTC derivatives, got us into this mess. Logically, structured products are the solution to the problem.
Source: housingwire.com
0 comments:
Post a Comment