Review Mortgage Lenders

AAA Mortgage Money

You Want Triple AAA, Just Give Me Some More Money

Roughly shows how banks and rating agencies are/were working together. Original video at: www.youtube.com First uploaded by: www.youtube.com First ...

The 2008 Crash: What Happened to All That Money?

Mortgages were transformed into ever-riskier investments

The salesmen could make these deals without investigating a borrower's fitness or a property's value because the lenders they represented had no intention of keeping the loans. Lenders would sell these mortgages onward; bankers would bundle them into securities and peddle them to institutional investors eager for the returns the American housing market had yielded so consistently since the 1930s. The ultimate mortgage owners would often be thousands of miles away and unaware of what they had bought. They knew only that the rating agencies said it was as safe as houses always had been, at least since the Depression.

The fresh 21-century interest in transforming mortgages into securities owed to several factors. After the Federal Reserve System imposed low interest rates to avert a recession after the September 11, 2001 terrorist attacks, ordinary investments weren’t yielding much. So savers sought superior yields.

If Obama really wants to get Iran, why not send Morgan Stanley over to show them how to make money?

They could do the same thing to Iran that they did to Iceland.
Tell them that they will trade them the revenue stream from Mortgage Backed Securities which are rated AAA by Moody and the S&P in exchange for their oil revenue.

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