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hef19898
on March 10, 2023
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FDIC Takes over Silicon Valley Bank
MBS, as in
Mortgage Backed Securities
??? Those MBSs? Oh dear, I am having very serious flash backs now...
kevinpet
on March 10, 2023
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All men are mortal. My cat is mortal. Therefore my cat is a man.
Not all mortgage backed securities are subprime CDO squareds.
hnthrowaway0315
on March 10, 2023
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IMHO MBS is not as evil as it sounds. After all stocks are backed by even more fragile things.
fallingknife
on March 10, 2023
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Stocks aren't usually levered at more than 10:1, though. MBS are.
makestuff
on March 10, 2023
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Don't worry everyone pays their mortgage...right?
jcadam
on March 10, 2023
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Time to re-watch
The Big Short
again.
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