TITLE

A dangerous game

AUTHOR(S)
Wolpin, Bill
PUB. DATE
September 2007
SOURCE
American City & County;Sep2007, Vol. 122 Issue 9, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The author argues that there is a relationship between collapsing bridges and collapsing mortgages in the U.S. He argues that both conditions have affected communities, which manifested in the imminent foreclosure of 165,000 home mortgages. He contends that investment banks and other financial institutions have created a collateralized debt obligation using riskier loans from existing mortgage-backed securities.
ACCESSION #
26615504

 

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