On: Mortgages are a manufactured product (2022)

[blackhawkC17]

Michael Milken dealt in junk bonds, a.k.a. very high risk bonds knowingly acquired by accredited investors.

How does his case relate to mortgages?

[Joel_Mckay → blackhawkC17]

"Like everything else, it started off with great intentions"

https://financialpost.com/financial-times/how-bonds-ate-the-...