> 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

> 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.