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Posts: 159
In response to
"
LIR Dawson - bundling and seling of mortages meant poor lending practices by banks, ratings agencies had financial incentives not to look too closely,
"
by
Roger More
The bundling of the mortgages in and of itself was not the problem. The ratings agency issues are real and significant. -- nm
Posted by
pmb (aka pmb)
Dec 14 '09, 09:05
(No message)
Responses:
The bundling of the mortgages itself was no problem. But the on-selling could be - for example, where the lender sold all the bundled mortgages.
-
Roger More
Dec 14, 09:20
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