For everyone thinking of the 2008 financial crysis: My layman point-of-view is that the market for mortgage backed securities in the US is nearly 20 times smaller compared to 2006
Because we’ve nationalized the mortgage lending industry while keeping up a very expensive veneer of a private market in the form of originators and servicers. It’s the pessimal combination of capitalism and socialism.
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For everyone thinking of the 2008 financial crysis: My layman point-of-view is that the market for mortgage backed securities in the US is nearly 20 times smaller compared to 2006
https://www.statista.com/statistics/275746/rmbs-issuance-in-...
Because we’ve nationalized the mortgage lending industry while keeping up a very expensive veneer of a private market in the form of originators and servicers. It’s the pessimal combination of capitalism and socialism.
Socialism for wealthy corporations, rugged individualism for the rest of us. It's the American way.