Father of Mortgage Backed Securites Lewis Ranieri: Securitization is Not the Villain

Ahhh but I say yes it is. He claims that the abuse of securitization is to blame. Well, I say if it is abusable, then securitzation IS to blame. “Securitization is not the villain. Abuses in securitization are to blame,” Mr. Ranieri wrote. In Mr. Ranieri’s view, the practice he invented wasn’t the culprit in … Read more