I've got an issue with the grading of my university assignment

[alkemyst]

stew, when you get ATOT to do your homework for you don't expect much...but hell if we are going to go argue your grade for you.

 

[ultimatebob]

Originally posted by: IHateMyJob2004
Going after a career in finance. Well, you better be able to write well because peanut counters only get good salaries if they can convey ideas well. You are destined to be a phony.

Funny... I thought that the goal of modern financing was to convince naive people to take loans that they can't afford to pay back, and then sell those loans as bundled "high grade" securities to another group of naive people for a fat commission.

I guess that getting screwed is an important lesson to learn in a Finance major... since you'll need to get good at doing it to other people

 

[alkemyst]

Originally posted by: ultimatebob

Originally posted by: IHateMyJob2004
Going after a career in finance. Well, you better be able to write well because peanut counters only get good salaries if they can convey ideas well. You are destined to be a phony.

Funny... I thought that the goal of modern financing was to convince naive people to take loans that they can't afford to pay back, and then sell those loans as bundled "high grade" securities to another group of naive people for a fat commission.

I guess that getting screwed is an important lesson to learn in a Finance major... since you'll need to get good at doing it to other people

Actually you are wrong on both counts. 'Brokers' were pushing the former, but really in a minority to all loans written. Most of the real banks/mortgage companies weren't doing that because they do not portfolio their loans (keep them).

In the latter statement these securitized offerings aren't big bucks short term, they are long term slow and steady investments.