In the wake of the fi nancial crisis of 20072009, negative connotations often surrounded the term mortgage-backed

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In the wake of the fi nancial crisis of 2007–2009, negative connotations often surrounded the term “mortgage-backed security.” What arguments could you make to convince someone that she may have benefi ted from the growth in securitization over the past 30 years?

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Money Banking And Financial Markets

ISBN: 9780073375908

3rd Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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