I’m Sure There’s Nothing to Worry About Now That Mortgage-Backed Securities Are Driving AI

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If you weren’t alive, or weren’t news-cognizant, back in 2007 when the slow motion debt crisis all around us started to give way to The Great Recession, what was eerie was that it felt like you were always hearing about refinancing debt. You couldn’t turn on a TV, or click a page on MySpace, without someone offering to refinance your debt. This was because there was a huge—and for most people, hidden—market for things called mortgage-backed securities. This piece at the Onion



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I’m Sure There’s Nothing to Worry About Now That Mortgage-Backed Securities Are Driving AI



If you weren’t alive, or weren’t news-cognizant, back in 2007 when the slow motion debt crisis all around us started to give way to The Great Recession, what was eerie was that it felt like you were always hearing about refinancing debt. You couldn’t turn on a TV, or click a page on MySpace, without someone offering to refinance your debt. This was because there was a huge—and for most people, hidden—market for things called mortgage-backed securities. This piece at the Onion



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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