Query by violated2: What you did not see on ABC, NBC, CBS and CNN concerning the housing meltdown..?
verify this out…
Greatest answer:
Answer by Rocket34
and what that does not show is the predatory lenders who set up mortgages they knew the purchasers couldn’t pay, using fine print…
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Question by Son of a B1tch: Some questions regarding basic terminology in finance?
1) Credit
2) Credit expansion
3) “Pooling” as in pooling debt.
4) Securitization
What do these mean?
Best answer:
Answer by Sean Roberts
1) Credit is providing someone with goods or services with the understanding that they will pay you in a preagreed time in the future.
2) Credit expansion is an economic term. It means the part of any increase in the money supply which is not due to a balance-of-payments surplus. The money supply can increase through a balance-of-payments surplus, on either current or capital account.
3) Debt pooling is an arrangement by which a debtor would deposit funds for the purpose of distributing such funds among his creditors. It is used in bankrupcy.
4) Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations and selling said debt as bonds, pass-through securities, or Collateralized mortgage obligation (CMOs), to various investors. This is one of the things that led to the horrible recession we’ve gone through.
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Question by Vito Perez: What pieces of literature can I read regarding governments?
More specifically, I’m looking for the ones that are about government corruption, proletariat exploitation, capitalism vs. socialism issues, securitization, government-conducted genocides (like the one going on here in America), social Darwinism, man-made HIV virus, and others. Also, those read by Sage Francis, Mos Def, Immortal Technique would be appreciated.
Best answer:
Answer by thecharleslloyd
Here is a review that might help you; http://www.lga.gov.uk/lga/core/page.do?pageId=1314588
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