Busted: Life Inside the Great Mortgage Meltdown Senses Make a few

Make a few

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Busted: Life Inside the Great Mortgage Meltdown Senses Make a fewEnabled by know nothing complacency in Washington, Wall Street wizards used "collateralized debt obligations," "conduits," and other inscrutable financial "innovations" to put American home financing into hyperdrive. Millions of Americans abandoned the safety of thirty year, fixed rate mortgages and loaded up on debt. While regulators insisted that the markets knew best, Wall Street firms fragmented and repackaged unsound loans into securities that