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Start buying up student loan debt and pooling them into Student Loan Backed Securities (SLBS). Tranche and rate them based on US News & World Report school rank
by chancho 16y ago
Start buying up student loan debt and pooling them into Student Loan Backed Securities (SLBS). Tranche and rate them based on US News & World Report school rankings, sell these CDOs to wealthy institutional investors worldwide, then have your business partner short the shit out of them.
- arethuza 16y agoYou mean SLABS? http://en.wikipedia.org/wiki/Asset-backed_security#Student_loans http://en.wikipedia.org/wiki/Asset-backed_security#Student_l...
- JoeAltmaier 16y agoInteresting artile on Hn this AM about Bernie Madoff. Coincidence?