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Total Securitization of Consumer Loans

Posted By Barry Ritholtz On July 30, 2010 @ 12:30 pm In Credit,Economy | Comments Disabled

I honestly have no idea what this means, but jeez, how is this for some cliff diving:

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[1]
Chart via St. Louis Fed [2]

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This is what the BOG reports on the G.19. The footnotes on g.19 state the following:

-Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originators.

-The shift of consumer credit from pools of securitized assets to other categories is largely due to financial institutions’ implementation of the FAS 166/167 accounting rules.


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[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2010/07/TOTALSEC_Max_630_3781.png

[2] St. Louis Fed: http://stlouisfed.org/

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