In 2007 a handful of people started to wake up. They realized that taking something out of thin air, assigning it the highest rating possible, and then leveraging it to the maximum was a bad idea. Well after the Financial Crisis, we were told that everything had been fixed and that measures were put into place to make sure this could never happen again. We were also told that the tooth fairy brings us a shiny quarter under our pillow too.
JP Morgan brings complex derivatives to wider audience | Top News | IFRe
Mortgage Bond That Vanished During Financial Crisis Is Back – WSJ
CDOs, which fueled the Great Recession, are back in favor on Wall Street – Axios
RPT-Banks, investors pile back into synthetic CDOs – Reuters
Possible Fannie, Freddie IPO whets Wall Street’s appetite | Fox Business
Fewer Renters Believe They Are Likely to Ever Own a Home – WSJ