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MBS
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The Securities That Destroyed our Economy Are Hot Again
25 Feb 2012 by David Schattner / 1 Comment
In 2009 our economy was crumbling, and the Dow Jones was establishing new lows daily. A major cause for the meltdown was a result of the wide spread failing of complex securities that were backed by real estate mortgages. These securities are known as MBS’s (mortgage backed securities-not too creative).
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