Subprime bubble 2.0
What are banks doing with all those subprime mortgages? They're repackaging them with a higher rating -- re-securitisation of real estate mortgage investment conduits -- and selling them.
Life insurance securitisation bubble
In its search for new avenues, Wall Street is planning on securitising life settlements -- policies that the sick and elderly can sell for cash while they're alive -- much like it did subprime mortgages.
Posted on: 08-10-09 09:33:59
