Originally Posted by
socrates
BTW: Arnie recently stated it was his belief MI would be able to securitize TS mortgages in 2009
Hoo-boy! Isn't that what got the economy started down the slippery slope we're sliding down now? Securitizing mortgages (which means the mortgage holder can't adjust the payment terms on individual mortgages when a crunch comes), which led to credit default swap defaults and all the rest?