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To: Pelham
Yes, with the GSEs demanding such a huge amount of these loans, there was a race by everyone else to get their own.

Enough so that there was demand by some Goldman customers for synthetic MBS.

66 posted on 07/23/2016 5:36:59 PM PDT by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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To: Toddsterpatriot

“Enough so that there was demand by some Goldman customers for synthetic MBS.”

I remember trying to sort out Synthetic CDOs, CDOs Squared, and all the rest of the derivatives that had been cranked out during the bubble. My head was spinning. I wonder if anybody in charge of investment firms had the slightest idea what all of this stuff was made of. I think they must have trusted their quants and left it at that.


67 posted on 07/23/2016 5:41:00 PM PDT by Pelham (Best.Election.Ever)
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