Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Thanks for the explanation, rdf. I've always wondered just where the added value came in for MBS. {I'm a financial neophyte.) I understand deposit+interest-servicing=profit for the bank.

But how does this become more valuable than the sum of its parts?

by Anonymous Bosch on Fri Aug 1st, 2008 at 09:20:40 AM EST

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