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Financial Weapons Of Mass Destruction Are Back

From businessinsider.com

The twin powers of bank funding that helped propel the nation into turmoil have regained ground swiftly, and analysts say it's both a challenge for regulators and a sign that the economy is recovering. Securitization, or the channels through which banks repackage loans and farm them off to investors, has hit volume of $225.6 billion by way of 365 deals this year, according to Dealogic. That's a 14 percent increase over 2012 but still miles away from the heady days of 2007, which saw a staggering $777 billion in volume at the same point—right before securitization, and the rest of the mortgage market, came crashing ... (full story)

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