The spread of Trump's debt can in large part be attributed to the process known as "securitization," when debt is repackaged into bonds and sold off. More than $1 billion of debt connected to the president-elect has been handled in this way. -- Lauren McCailey, Common Dreams, Jan. 5, 2017.
And so, again we run into the obfuscation of securitization, this time in its disastrous political manifestation. Gretchen Morgenson, who explained the financial shenanigans that produced the Great Recession, got at one of the root causes behind Trump's election in the short, cogent article below.Read More »