Watch CBS Videos Online
This is a great piece and educational tool on one crucial piece of the cause of the real estate market meltdown. It kills me that Congress could be so blind back in 2000 to legalized gambling for Wall Street, with no regulatory control at all, after it was deemed illegal 100 years ago.
"Credit Default Swaps," or "Credit Derivatives," is the bundling and selling of mortgages and the so-called insurance that was used to assure investors they were safe. These were "side bets" about whether a companies stock price will go up or down, and could be made without actually owning the stock, similar to betting on a football ball game. When real estate prices fell, these were bad things to have around, because everyone thought real estate prices would rise and not fall (a bad bet in hindsight.)
This Blog is dedicated to Parker Colorado Real Estate, Parker Colorado Homes, Elizabeth Colorado real estate, Elizabeth Colorado homes, Franktown Colorado homes, Franktown Colorado real estate, Lone Tree Colorado real estate, Lone Tree Colorado homes, Highlands Ranch real estate, Highlands Ranch homes, Castle Rock real estate, Castle Rock homes, and metro Denver Colorado real estate property listings. Search the Denver MLS directly for properties and homes at http://www.coloradodreamhomes.info/ and access a huge real estate resource at http://www.coloradodreamhomes.net/
No comments:
Post a Comment