The toxic alphabet soup that almost took down Wall Street is staging a comeback (September 2019)

Wall Street's profit-generating machine created a jumble of products (MBS, ABS, CDO...) designed to profit off of the relatively mundane business of mortgage lending. - Banks, insurance companies, hedge funds and others were hungry to partake, but what seemed like easy profit at first stopped…#mbs #cds #credit #cdos #securities #reliefprogram #assetrelief #profit #troubledasset #profitgeneratingmachine
Source: Reuters: Health - Category: Consumer Health News Source Type: news