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Bundled Mortgages
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- Consumer lending has been curtailed over the past few months.
- Currently, treasury securities yields are extremely low.
- Bundles of mortgages were turned into investment instruments.
- Every investor should maintain a portfolio with a wide range of assets.
- There are very few truly safe havens.
- Many mortgage backed securities are now considered toxic.
- Financial servicesrefers to products which help consumers invest, save and manage their money.
- Some of the most famous banks recommended bonds made up of bundled mortgages to clients before the financial crisis in 2008.
- The principal cause of the crisis was the house of cards built on bundled mortgages.
- It's important to keep track of all of the assets in your portfolio.
By Kenneth Beare, About.com Guide
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