> All were simply fund-managers monetizing other peoples misery No, mortgage securitization simply provides a simple, consistent product that you can sell to i

> All were simply fund-managers monetizing other peoples misery No, mortgage securitization simply provides a simple, consistent product that you can sell to investors. Securitization was created by the government, not by a banker. It allows homeowners to access capital that they otherwise couldn't - it's a pretty limited pool of investors willing to buy individual, non-conforming mortgages. If mortgages weren't securitized, then the government would need to provide the funds for all the mortgages - which means a lot less mortgages. And I have no idea what "securitization" of healthcare and education means. It sounds like you learned a new word and just use it to replace "bad things I don't like".