Thursday, November 18, 2010

Judge Posner explains securitization in simple terms

I believe that one of the best ways to educate yourself, even for non-lawyers, is to read court opinions on the subject issues.  One such seminal issue lately has been "securitization" of mortgage loans.  There is still much to be learned about securitization by most of those outside the financial industry.  Notably, Judge Posner is one the most prolific judges on the federal bench today and is a preeminent figure in the sphere of Law and Economics.  His widely regarded works in this area include The Economics of Justice, Economic Analysis of Law, Antitrust Law, The Economic Structure of Intellectual Property Law, and A Failure of Capitalism: The Crisis of '08 and the Descent into Depression.

Without further ado, here is the latest from Ponser on securitization:

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