On Oct 24, 2007, at 7:24 PM, Robert Wrubel wrote:
> Interesting! So you bundle a lot of mortgages
> together and get to call that a tradeable "security",
> and suddenly it's all sexy.
Even better you mix 'em together, then slice them into tranches of varying risk, and sell off pieces of your concoction to various parties who may or may not know what they're getting.