Insecure Securities
Once upon a time, stocks were risky and collateralized securities were safe. That time is over, as the collapse of the US mortgage securitization market has exposed the once-vaunted American financial system's underlying lack of trustworthiness.
https://prosyn.org/4jOhOyd
MUNICH – Once upon a time, stocks were risky and collateralized securities were safe. That time is over, as the breakdown of the American mortgage securitization market has shown.