Irish Examiner: Banks Have Already Been Paid for Mortgages

Banks Have Already Been Paid for Mortgages By Barry Fitzgerald, Lissarda Cork, published on March 12, 2014 Since our economic commentators won’t ask this, I will. If banks sell mortgages to investors, via the securitisation industry, how were they ever bust? Pension funds, insurance companies, hedge funds, etc, buy mortgages and pay banks the principal, …read more    

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