So far - there is little reason to worry. Last year private institutions issued $70 billion of mortgage bonds; in 2004 and 2005 they issued over a $ trillion.
Monday, 16 September 2019
2019-04 There we go again
In the last class I mentioned that the regulatory changes due to the Great Recession are slowly eliminated. This WSJ article is about private banks: they are coming back to issuing mortgage - based securities that caused them so much trouble in 2008. Lesson forgotten?
So far - there is little reason to worry. Last year private institutions issued $70 billion of mortgage bonds; in 2004 and 2005 they issued over a $ trillion.
So far - there is little reason to worry. Last year private institutions issued $70 billion of mortgage bonds; in 2004 and 2005 they issued over a $ trillion.
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