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Banks shouldn’t have a ton of this stuff on their balance sheets because of post ‘08 changes. The more likely parties to be damaged are asset managers.
by formercoder 6y ago
Banks shouldn’t have a ton of this stuff on their balance sheets because of post ‘08 changes. The more likely parties to be damaged are asset managers.
- chrisseaton 6y ago> Banks shouldn’t have a ton of this stuff on their balance sheets I don't understand what you mean - banks issue millions and millions of mortages.
- AnimalMuppet 6y agoBut they don't keep the mortgages. They sell most or all of them.
- formercoder 6y agoCorrect, they package them up in CDOs and sell them off.