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Subprime-mortgage-backed securities are a case in point.
As has become abundantly clear over the last 18 months, Treasury securities are a good illustration.
The Teacher Retirement System of Texas, a pension fund, says it made an average of $100m a year in the past decade from lending securities.Borrowers of securities are a diverse bunch.
These securities are a byproduct of monetary policy; when the Fed buys them on the open market – it is prohibited by law from buying them directly from the Treasury – it expands the money supply, and when it sells securities the money supply shrinks.
"Smaller securities are a little riskier.
Convertible securities are a hybrid of stocks and bonds.
Similar(49)
Mortgage-backed securities were a classic example.
Security is a worry.
Security was a concern.
Security is a moving target.
Security is a constant worry.
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CEO of Professional Science Editing for Scientists @ prosciediting.com