It turns out that many of the securitized mortgages had been promised to more than one securitized pool.”
Thanks for clearing that up.
I had wondered that for a very long time.
I wonder the same about ‘Gold Certificates”.
IF I could invest in gold—I would want the actual gold in my possession.
The same “Certificates’ can be sold to many, many,many people at the same time. Worse than a pyramid scheme.
As for gold, try www.apmex.com. Buying small amounts does get you a shipping and handling penalty, but having a few 1/10 ounce coins around with plans to eventually give them to the grandkids might be enjoyable.