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Securitization news from FierceFinance

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What really went on in the mortgage industry?

Business Week offers an arresting article on so-called "mortgage wholesalers," whose job was to buy up loan applications from mortgage brokers on behalf of big lenders. The competition got so intense... Read more...

Should revolving Goldman-government door be investigated?

It's a grand tradition at Goldman Sachs: Retire wealthy and go into public service. Henry Paulson is but one example of a former Goldman exec who moved into the highest echelons of government. But so... Read more...

Fannie and Freddie, the final shoe to drop?

We tend to take Fannie Mae and Freddie Mac for granted. They have long been securitizing mortgages, and that expanded liquidity greatly without a doubt. That they were government-sponsored... Read more...

Sad tale of a Merrill Lynch securitization

The New York Times offers an arresting story about an emblematic Merrill Lynch securitization in 2006. The securitized securities were so-called piggyback... Read more...

Battle of legends: Milken vs. Lipton

Martin Lipton, the legendary lawyer, says the financial crisis stems from the invention of the junk bond so many years ago. As the New York Times notes, Michael Milken begs to differ. He tells the... Read more...