The world of securitization changed that, especially for subprime mortgages.
The original wave of securitizations took place in the 1920s, when the United States went on the greatest building boom ever.
Making securitizations seem like less of a sure thing is needed to prevent a recurrence of the crisis, but it also removes one of the stimulative features of securitizations, as Mr. Gorton has shown.
Between now and 2013, at least $1.3 trillion of financing comes due, of which $160 billion was the result of securitizations.
"We do not intend to release any aspect of securitizations," said Geoff Greenwood, Miller's spokesman.
That in a world of gigantic financial institutions and a byzantine system of hyper-securitization, we will regulate our way to a better future?
Securitization is the process of turning something — and, in the world of finance, this could be pretty much anything — into a security, a financial instrument that can be traded as an asset.
Securitization Professionals: The credit crisis may have its roots in the world of securities like collateralized mortgage obligations, collateralized loan obligations and residential mortgage-backed securities, but there is demand for professionals with a deep understanding of these instruments.
Additional file 1: Examples of securitization of global public health surveillance: overview of selected initiatives or projects.
"The whole world and the U.S. have benefited from innovative financing techniques and innovation in terms of securitization and credit availability, and so we need to think this through carefully and don't rush to judgment and overreact," Mr. Paulson said.
