{"id":195965,"date":"2008-06-02T20:18:00","date_gmt":"2008-06-03T01:18:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/06\/02\/titanic-deck-chairs\/"},"modified":"2008-06-02T20:18:00","modified_gmt":"2008-06-03T01:18:00","slug":"titanic-deck-chairs","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/06\/02\/titanic-deck-chairs\/","title":{"rendered":"Titanic &#8212; Deck Chairs"},"content":{"rendered":"<p>Deutsche Bank asset management devision is looking to, &#8220;<a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601009&amp;refer=bond&amp;sid=apGLduhZ3myE\">repackaging their home-loan bonds into new securities without creating collateralized debt obligations, which are being shunned by investors<\/a>&#8220;.<\/p>\n<p>They are called REMICs,  are real estate mortgage investment conduits:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>REMICs are real estate mortgage investment conduits, the tax-exempt vehicles used to turn mortgages into bonds by passing payments from the loans to different investors in varying orders of priority or at different times. Re-REMICs repackage some of those securities or a single class into new bonds in which payments are also directed in different ways.<\/p><\/blockquote>\n<p>I&#8217;m not seeing a difference here.  It appears to me that they are putting a new wrapper on the big sh$#pile, as Atrios is wont to call it, and calling it George.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deutsche Bank asset management devision is looking to, &#8220;repackaging their home-loan bonds into new securities without creating collateralized debt obligations, which are being shunned by investors&#8220;. They are called REMICs, are real estate mortgage investment conduits: REMICs are real estate mortgage investment conduits, the tax-exempt vehicles used to turn mortgages into bonds by passing payments &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,982],"tags":[],"class_list":["post-195965","post","type-post","status-publish","format-standard","hentry","category-finance","category-stupid"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195965"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=195965"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195965\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=195965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=195965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=195965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}