Financially (in)Secure?
Is securitization good or bad? Photo: Kerstin Riemer. Source: Pixabay Securitization is a five-dollar word that leaves people scratching their heads. It’s been alternately described as the greatest financial innovation since double-entry accounting or as the worst banking product since the centralized call-center. Securitization is actually pretty simple: it takes ordinary bank loans and bundles them up into securities that can be sold to investors. It’s been around for over 150 years. During the California Gold Rush, the railroads boomed. Everyone was moving west. [...]