The Obama administration this month unveiled some new ideas for reforming the nation’s battered financial markets. One item high on the agenda is the future of the securitization industry.
These days, almost anytime someone borrows to fund a business, buy a car or get a mortgage, the debt gets repackaged into a security that can be bought or sold like a stock. But critics say abuses in the securitization market helped bring about the housing meltdown. Read more about the securitization industry…
