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The money network:

The money network:

Why crowdfunding threatens traditional bank lending

August 2005

ABS: Will it all end in tiers?



Sooner or later credit tiering will return to a structured credit market that for too long has failed to reflect differentiation in the underlying assets, deals' performance or servicer record. That's the theory anyway. Recent events, though, suggest that spreads and market sentiment remain remarkably resilient to all but the worst news. When non-conforming residential mortgage-backed securities market leader Kensington Group unveiled disappointing performance data and the...


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