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| Topic | 'The world does not have a debt problem: it has a wealth inequality problem... |
| Darkman124 07/19/17 1:17:53 PM #43: | Drpooplol posted... I wouldn't say this is fully true, it just makes the market more efficient and allows banks to attain specific risk targets more easily. Banks were still making loans before the bond market existed on a large scale. they were. but today only ~40% of mortgage loans are not run through FNMA/FMCC/ginnie and i expect the bulk of those are jumbo, subprime, or ARMs--which might still be bought by bond buyers, at a different premium. the same is likely true of other loan types. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard! |
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