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Paul Solman provides an intuitive explanation of the new mechanics of securitized mortgage debt, and what can go wrong in a down market. [2of2]

- PBS NewHour 2007/08/30

Paul Solman provides the best, intuitive explanation of the new mechanics of securitized mortgage debt, and what can go wrong in a down market. Solman also explains the mania that fed the bubble, with a cute montage of the ubiquitous house flipping tv shows and mortgage ads. [1of2]

Thank you Jimmy Stewart for your common sense financial system, plus an explanation of how mortgages were packaged and sold into the secondary markets.

And why should the purchasers of these products be protected now when those products don't perform as they were projected to do when they were sold on?

Hmmmm.

- From PBS NewsHour 2007/08/30