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Asset-backed securities served as collateral in repo transactions. Because the ABS created in the securitizations were believed to be simple transparent ad relatively safe a
Asset-backed securities served as collateral in repo transactions. Because the ABS created in the securitizations were believed to be simple transparent ad relatively safe a shock that revealed that the ABS ere in fact complex and illiquid was disruptive to the REPO markets.
True or False? why? Thank You!
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