Wall Street to Securitize Delinquent Loans. Because it went so well last time, I suppose.

Written on 25 May, 2010 at 8:31

So, based on that... the only logical thing to do is securitize some non-performing loans. Of course, it's brilliant! I'm calling AIG-FP later today to see if they'll sell me a credit default swap against this crap. ... (Continue reading)