In the wake of the financial crisis of 2007-2009, negative connotations often surrounded the term mortgage-backed security.

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In the wake of the financial crisis of 2007-2009, negative connotations often surrounded the term “mortgage-backed security”. What arguments could you make to convince someone that they may have benefitted from the growth in securitization over the past 30 years?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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