Review: Thanks For The Financial Facts on CMOs
Rating: 4 out of 5
Date: 01 10, 2013
A very well investigated study by Jesse Elsinger.  Complex Mortgage products built by financiers connected into Wall Street are the core of how the empires collapsed.  Selling risk at three different levels  in each offering guaranteed that individuals made bonuses as perceived values of these instruments rose and fell on changes in foreclosures in residential housing.  A must read...but do so carefully.