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Dow hits new record of 13000, as US & world economies continue to grow | 130 comments (130 topical, editorial, 0 hidden)
Re: Mortgage packaging (none / 1)
That is of course the whole point.

The Bank frees up its regulatory capital.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Tue May 1st, 2007 at 06:07:47 AM EST
[ Parent ]
Re: Mortgage packaging (none / 0)
Fractional reserve multiplier, baby.

In fact, couldn't the bank just loan the money back to Metrovacesa?

Bush is a symptom, not the disease.

by Migeru (migeru at eurotrib dot com) on Tue May 1st, 2007 at 06:44:37 AM EST
[ Parent ]

Dow hits new record of 13000, as US & world economies continue to grow | 130 comments (130 topical, 0 editorial, 0 hidden)
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