No wonder pre-crisis banks had no clue what their balance sheets looked like…
Dan Edstrom is an expert in the way finance companies bundled mortgages together, sliced them up, and sold them off to investors. This is a chart of everything going on with the mortgage on his family’s house.
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galensmith reblogged this from nprfreshair and added:
No wonder pre-crisis banks had no clue what their balance sheets looked like…
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shorterexcerpts reblogged this from nprfreshair and added:
But it’s still illegal...sporting events in almost every state…
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hehimself reblogged this from nprfreshair and added:
I like that even with this amount...right hand side there is a “black hole.”
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thenoobyorker reblogged this from nprfreshair and added:
Ah yes, this makes perfect sense
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