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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: re-remic

re-remic stories: 1 news summaries

Wall Street Cleverly Carves Up Bad Assets

So cleverly, in fact,
that regulators are getting worried

(Newser) - Wall Street’s financial magicians have come up with a way to transform toxic assets into shiny new ones. In popular new deals called “re-remics,” a sour mortgage-backed security is split in two, one containing all the good mortgages, the other all the bad, the Wall Street ... More »

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Wall Street accounting mortgage backed securities ratings agencies re-remic

1 Story