August 23, 2008
Securitization is the process of taking groups of loans and splitting them into different classes of securities, and then selling the different classes of securities to third party investors. The brief video below does a great job of explaining how it all works. Many Mortgage REITs buy Commercial Mortgage Backed Securities (CMBS), which are commercial […]
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August 18, 2008
“The Taliban used to hang the victim’s body in public for four days. We will only hang the body for a short time, say 15 minutes. Adulterers will still be stoned to death, but we will use only small stones.” Afghan judge Ahamat Ullha Zarif on a kindler, gentler Afghanistan ….And a taxable loss, dear […]
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