So, Who Made The Big Securitization Money?

And got to keep it.

Hint - it wasn't the investment banks or underwriters or any banks or non-bank lenders for that matter, or investors, or rating agencies, or bond insurers, or mortgage brokers. These piss ants are either dead or getting killed now.

Can you guess who is left when the smoke clears?

 

New york Stock exchange

and nasdaq

Always profitable to be selling shovels.

 

The people with the big grins?

 

The people who sold their homes at inflated prices to the suckers who took the subprime loans

 

Fed?

Don B?

 

I will take a guess, the new world order?

 

Here's one of the winners.

But only in sales of existing homes - not new construction.