The Abuse of MBS: A Monster Bigger than the Federal Government

8 Pages Posted: 12 Dec 2015

See all articles by Hak Choi

Hak Choi

Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

Date Written: December 10, 2015

Abstract

This paper differentiates the 2008 subprime crisis from its recent repetition. Both have people abusing MBS for profiteering, but now the crisis can be averted. The Federal Reserve, who has taken the place of Lehman Brothers, will never become insolvent. Though another subprime crisis is unlikely to happen, the cheating on the whole population is more serious. Fannie Mae is the ringleader of the fraud syndicate, and has created a monster bigger than the federal government.

Keywords: Central Bank, Fannie Mae, MBS, Subprime Mortgage, Fraud Syndicate

JEL Classification: E58, G21

Suggested Citation

Choi, Hak, The Abuse of MBS: A Monster Bigger than the Federal Government (December 10, 2015). Available at SSRN: https://ssrn.com/abstract=2702194 or http://dx.doi.org/10.2139/ssrn.2702194

Hak Choi (Contact Author)

Chienkuo Technology University - Department of International Business ( email )

No.1, Chiehsou N. Road
Changhua City, 500
Taiwan
+886 91 901-4618 (Phone)

HOME PAGE: http://euntold.wordpress.com

Chung-Hua Institution for Economic Research ( email )

75, Changhsin St.
Taipei
Taiwan

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