| The investment bank securitized and sold bundled mortgage investments while making massive bets that they would fail. | |
| They are processing, generating and re-securitizing nothing. | |
| Today's financial innovators package assets in ever more complex ways, slicing, dicing, securitizing, always using someone else's money. They sell debt, transfer risks, leverage bets. | |
| The investment bank securitized and sold bundled mortgage investments while making massive bets that they would fail. | |
| They are processing, generating and re-securitizing nothing. | |
| Today's financial innovators package assets in ever more complex ways, slicing, dicing, securitizing, always using someone else's money. They sell debt, transfer risks, leverage bets. | |
