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Exactly no one invests 100% of their retirement savings in SPVs.
by hnburnsy 2y ago
Exactly no one invests 100% of their retirement savings in SPVs.
- palmotea 2y ago> Exactly no one invests 100% of their retirement savings in SPVs. Eh. There's probably at least one stupidly overconfident individual who does so, and more who put too large a fraction into stuff like that.
- kccqzy 2y agoI did a quick search and in less than 10 seconds I found examples of retirement savings in subprime mortgage backed securities in 2008. https://texashousers.org/2008/06/24/texas-teachers-retirement-fund-speculates-in-subprime-mortgage-backed-securities/ https://texashousers.org/2008/06/24/texas-teachers-retiremen...
- hnburnsy 2y agoSo what percent of the fund was invested in MBS and how much of that was lost?