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- Title
The Risks of Where we are Today.
- Authors
KASKLA, EDGAR
- Abstract
MBSs are a form of CDO in that mortgages specifically are packaged and sold as securities to investors, in this case, the government as the Fed, itself. JULY 23, 2021 One of the main culprits behind the economic collapse of 2008 was the combined speculation into what are called Collateralized Debt Obligations (CDOs) and the use of Credit Default Swaps (CDSs) to reduce the risk of investment for those buying CDOs. The Fed has suggested that it may soon opt out of the MBS market.[1] There is thought that the private banking sector will pick up the slack given that the housing market remains hot and demand high.
- Subjects
REAL economy; CAPITALISM; ECONOMIC systems; INVESTORS; LOANS; NEGOTIABLE instruments
- Publication
CounterPunch, 2021, p1
- ISSN
1086-2323
- Publication type
Article