Mortgage-Backed Securities Make Big Bucks for Banks
AUGUST 09, 2012
“Banks make their money from taking the mortgages and bundling them into bonds that they then sell to investors, like pensions and mutual funds. ” (New York Times)
But if the government is guaranteeing the mortgages, haven’t we been down this road before?
FEE Timely Classic
“Nationalization of the Mortgage Market” by Robert P. Murphy