Jump to content
House Price Crash Forum
Sign in to follow this  
eric pebble

Remember Me? Wall Street Repackages Debt For Sale

Recommended Posts

Remember me? Wall Street repackages debt for sale

WASHINGTON — Wall Street may have discovered a way out from under the bad debt and risky mortgages that have clogged the financial markets. The would-be solution probably sounds familiar: It's a lot like what got banks in trouble in the first place.

In recent months investment banks have been repackaging old mortgage securities and offering to sell them as new products, a plan that's nearly identical to the complicated investment packages at the heart of the market's collapse.

"There is a little bit of deja vu in this," said Arizona State University economics professor Herbert Kaufman.

http://www.google.com/hostednews/ap/articl...yzoc3gD9A98BOG0

Beyond words.........

Share this post


Link to post
Share on other sites

"Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes."

-- Jesse Livermore

Share this post


Link to post
Share on other sites
Remember me? Wall Street repackages debt for sale

WASHINGTON — Wall Street may have discovered a way out from under the bad debt and risky mortgages that have clogged the financial markets. The would-be solution probably sounds familiar: It's a lot like what got banks in trouble in the first place.

In recent months investment banks have been repackaging old mortgage securities and offering to sell them as new products, a plan that's nearly identical to the complicated investment packages at the heart of the market's collapse.

"There is a little bit of deja vu in this," said Arizona State University economics professor Herbert Kaufman.

http://www.google.com/hostednews/ap/articl...yzoc3gD9A98BOG0

Beyond words.........

They just have to find some suckers to buy them..... oohhh!....... wait!

Did someone say the BoE and FED where interested in buying all the toxic excrement that they can bundle.

Well now we have eager and complic central bankers to add nitro to the worlds largest ponzi scheme. If they where incompetent and ignorant before they are the cheerleaders this time round.

All the lights are flashing red - we have defcon 5.

Share this post


Link to post
Share on other sites
All the lights are flashing red - we have defcon 5.

Thats peace isnt it?

Share this post


Link to post
Share on other sites

As I've been saying - it's back to 2007. The future is social change, not economic change.

The lunatics are in charge and are simply going back to their old ways. Except now they're proven too big to fail and are backed by everyone's tax payments. It's genius.

Share this post


Link to post
Share on other sites
As I've been saying - it's back to 2007. The future is social change, not economic change.

The lunatics are in charge and are simply going back to their old ways. Except now they're proven too big to fail and are backed by everyone's tax payments. It's genius.

Sick, more like.

Share this post


Link to post
Share on other sites

I cant recall all the details, but I beleive this scheme was launched to little interest by the ex head of a large mortgage company.

seems fresh publicity is needed.

Share this post


Link to post
Share on other sites
Well they had to come up with a plan to get all of this Q eased money into the economy somehow?

Is it not just legal money laundering?

cant see where QE comes into this...its the repackaging of turds into CDOs...same as before...not sure how they are gonna get the AAA rating

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   285 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.