Re:Finance is Not the Economy
by lmm on Thursday September 29, 2016 @05:01AM
(#12604068)
But surely RMBS would have ended up on the deposit-banking side? I mean fundamentally Indymac owned a lot of bad mortgages - with perhaps more intermediation than there would have been otherwise, but we expect retail deposit banks to own mortgages, that's a large part of their raison d'etre.
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