RECENTLY ON TOL:
- A tumblr site dedicated to the people and places that make up Oregon and Southwest Washington.
Non-agency Mortgage backed securities (NAMBS) never made much sense for investors before the meltdown because the yields on these pre-meltdown were only a pittance more than truly safe government backed securities such as
Treasury notes. If these bonds were hard to value and opaque and too toxic for many banks to keep aquiring by December 2007, were they appropriate as safe investments for mom and pop investors afterwards?
posted 4 years, 3 months ago
view in context