E ad unirle insieme vi era una catena alimentare cartolarizzata, un nuovo sistema che collegava miliardi di dollari, mutui ipotecari e altri prestiti con gli investitori di tutto il mondo.
And linking them all together was a securitization food chain, a new system which connected trillions of dollars, mortgages and other loans with investors all over the world
A tutti, in questa catena alimentare cartolarizzata, dal primo all'ultimo, non importava la qualita' del mutuo, si preoccupavano di massimizzare la loro quantita', e di ottenere un compenso extra.
Everybody in this securitization food chain from the very beginning until the end didn't care about the quality of the mortgage they cared about maximizing their volume and getting a fee out of it
In un passato non molto lontano, le banche strutturavano un’operazione cartolarizzata, ne collocavano una parte sul mercato e tenevano il resto da offrire alla banca centrale di riferimento come garanzia di prestiti a basso costo.
In the not-so-distant past, banks would structure a securitised deal, place some with the market and keep some to pledge to their central bank as collateral for cheap cash.
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And linking them all together was a securitization food chain, a new system which connected trillions of dollars, mortgages and other loans with investors all over the world 