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that is not how those securities work....if you buy such a security you are betting on your own disaster... How? When you buy what is called A tranches it alw
by fredgrott 2y ago
that is not how those securities work....if you buy such a security you are betting on your own disaster...
How?
When you buy what is called A tranches it always has a layer of toxic non A tranches....
Once housing repossessions rose above 8% all housing mort securities were under water....