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SECURITIZATION: How our society changed when we learned to turned lead into gold

By Implode-Explode Heavy Industries

``Before securitization children were raised receiving fewer presents for their birthdays and holidays and I don?t need a source for that statistic. Water is wet, the sky is blue, and that?s a fact. Hotel rooms never cost $600 a night, even if you adjust the amount for inflation, in fact, there were simply far fewer so called ?luxury goods? before we were all being constantly sold on the idea that taking on debt was the hip hop happening thing to do.''

Full post as published by Mortgage Lender Implode-o-Meter on August 27, 2010 (boomark / email).