You are viewing a single comment's thread from:
RE: BORROWER BEWARE...how banks use securitization to overburden you with debt.
hello @fijimermaid ,
this is a system of which I don't have the information I want because in Latin countries it works differently, but from the information I have this system was not the one that generated the 2008 market collapse, debt that turned into money and with that money (value) a loan was requested, that is to say that debt generated more debt "it is difficult to understand for me as a Latino".
"debt that turned into money and with that money (value) a loan was requested."
Most definitely, debt monetization works this way. And the US is doing a lot of it.
"in Latin countries it works differently"
How do Latin countries differ from this process?