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Think you might be undervaluing the fact that securitized capital markets offer much broader access to loans at attractive terms. Which isn't to say there aren
by ethbr1 2y ago
Think you might be undervaluing the fact that securitized capital markets offer much broader access to loans at attractive terms.
Which isn't to say there aren't some parts of the financial industry that produce little real value.
But is to say that the competitiveness, ease, and attractive terms of standard 30-yr-fixed-rate US mortgages don't spring out of thin air.
- dumbledoren 2y ago> securitized capital markets offer much broader access to loans at attractive terms At the initial phase, when there is the 'Wild West' development stage, yes. After that phase it becomes a scam where value is generated out of thin air. If you put the entire economic value of a country into financialized vehicles, people WILL start doing everything they can to maximize their gain. Like making up assets.