Posted by Jim Lindgren: Treasury to require issuers to retain 5% of securitized loans. http://volokh.com/archives/archive_2009_06_14-2009_06_20.shtml#1245080113
CNBC is reporting that the US Treasury Department is proposing to require that issuers of securitized loans retain 5% of the security. Thus, they remain partly on the hook if they make bad loans and try to flip them to others. At first glance, this seems like a good idea to me. _______________________________________________ Volokh mailing list [email protected] http://lists.powerblogs.com/cgi-bin/mailman/listinfo/volokh
