Mortgage Backed Securities (MBS) … returned pennies on the dollar.
No, the AAA rates MBS did very well; 90% suffered no loses. It was the ABS CDOs (Asset Backed Security Colateralised Debt Obligations) that did badly.
source: Why did so many people make ex post bad decisions
No, the AAA rates MBS did very well; 90% suffered no loses. It was the ABS CDOs (Asset Backed Security Colateralised Debt Obligations) that did badly.
source: Why did so many people make ex post bad decisions