CDOs packaged subprime mortgages as investments because monthly mortgage payments seemed reliable under too-big-to-fail assumptions.
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Mortgages
CDOs packaged subprime mortgages as investments because monthly mortgage payments seemed reliable under too-big-to-fail assumptions.
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"...But basically, it just means subprime. Right? The idea is that mortgages are a good investment because people have to pay a monthly mortgage,..."
"Okay? The problem, of course, is subprime could lead to default. Okay? But at this time in history, no one was concerned about default..."
"...default. Okay? Meaning, okay, you owe me $1,000. Right? For the mortgage. But you can't pay me. What do I do? Well, I say..."
"...dollars in this game. Okay? You, there are stupid people buying mortgages from you, right? But then you have even more stupid people who..."
"...the university could not pay uh their cars or the house mortgages and they say and the social are like don't worry about it..."
"...government, okay? The people with the credit card debt, with the mortgages, they owe $17 trillion. They're never paying that off. So basically, the..."
"...the impact of central banking, okay? Central banking allows you to mortgage your nation's future in the pursuit of total war. It allows you..."
"...houses. If you buy a house, you can't pay off the mortgage, okay? So, this idea of the American dream, it's basically dead for..."
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