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Originally Posted by AK_Gandy
Be happy to. 
How to Buy Mortgage Backed Securities | eHow.com
"Purchase mortgage backed securities from your local broker. You must open a brokerage account first. The broker will then purchase the mortgage backed security. There is a cost for the purchase, but not the brokerage account. Minimums on mortgage backed securities are $25000 with CMO's as low as $5000."
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Okay, you 1 me 0.
Quote:
Originally Posted by AK_Gandy
Not sure what you've been reading or listening to but, your conspiracy theory has so many holes and incorrect assumptions, that I couldn't change your mind if I wrote the rest of the night. .
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It's not a conspiracy theory. . Selling the security/bond whatever in a speculative manner I.E. it's worth more because it's going to be paying a higher interest rate, is what caused this mess.
Sub-prime loans were sold because they promised a higher interest rate with the risk being insured by your local insurance company (due to leech/bliley which allowed investment banks, your neighborhood bank and insurance companies to interact) because they fetched a higher value and thus instant profit for the dealer I.E. Goldman Sachs.
Quote:
Originally Posted by AK_Gandy
I agree with repealing the GLBA and reinstating Glass-Steagall.
But that has nothing to do with foreigners buying the resultant products.
You're incorrectly mixing the two.
Ummmm..........the lack of regulation, non-existant enforcement and looking the other way...............didn't happen on Obama's watch.
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Sorry to sound confusing. This is the internet and a lot times things are misinterpreted or perhaps I didn't say enough to convey my point. I will try and clear it up tommorrow.
Quote:
Originally Posted by AK_Gandy
Ummmm..........the lack of regulation, non-existant enforcement and looking the other way...............didn't happen on Obama's watch..
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Larry Summers and Tim Geithner are all about looking the other way. If Obama says one thing then puts people in there that clearly have other intentions then what choice is one left with but to call him the liar that he is?
