Quote:
Originally Posted by checkthisout
I wasn't talking about treasury notes, I am talking about your local bank and securitization through Wall Street firms.
Do you suppose that Americans would earn more money on their deposits if the banks had to loan out money which they held in deposits rather than that which flowed into the Bank through the securitization process?
If you are not an accredited investor, then you cannot earn money on "sophisticated" debt instruments like MBS's.
|
Most banks are simply the 'middle-man' on Mortgage Backed Securities. The reason the average person can't buy, isn't because they aren't "accredited"...........it's because they are sold in bundles that takes a large amount of capital to purchase.
As far as Americans making more interest on simple pass-book savings, most banks are in a jam as it is so..............that's not likely to happen.
If a person wants a better deal......join a Credit Union, that typically, doesn't mess with mortgages.
I have a question for you; What do you think should be done and who/why do you think that it would help?
.
