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boarddork

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Re: nosch post# 501317

Friday, 07/20/2018 2:50:45 PM

Friday, July 20, 2018 2:50:45 PM

Post# of 729291
Thanks Nosch. A great read and superb reminder......MBS were and are, 'Pledged' to bankruptcy remote trusts...not 'sold' to the investors of the trusts.

The are pledged to be used by the trust for the benefit of the participating investors. Held in safe harbor, off balance sheet, legally isolated, and most importantly - bankruptcy remote !
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