The CMO's are just the tip of a very huge iceberg ... All forms of consumer debt were securitized through CDO's, Bond's were securitized through CBO's, even the capital that went into leveraged buyouts were securitized, leveraged and reinvested in the vast float bubble of derivatives as CLO's. Anything that wasn't nailed down, and much of what was nailed down, was securitized and pumped into the vast $750 trillion dollar derivative cloud.
These Goldman Sachs findings amount to merely trickle from a crack in a systemically failing dam.
Read the Article at HuffingtonPost
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