3 ms·

For everyone thinking of the 2008 financial crysis: My layman point-of-view is that the market for mortgage backed securities in the US is nearly 20 times small

• bradleyjg 7y ago
  Because we’ve nationalized the mortgage lending industry while keeping up a very expensive veneer of a private market in the form of originators and servicers. It’s the pessimal combination of capitalism and socialism.
  • viklove 7y ago
    Socialism for wealthy corporations, rugged individualism for the rest of us. It's the American way.