There is very little chance of a market-led recovery taking hold in Europe without a revival in securitised lending to give it legs. America's sub-prime lending boom led to the banking crisis, yet securitisation is poised to make a comeback ... They were the "financial weapons of mass destruction" which blew up the world economy, yet perhaps surprisingly, they are poised to make a comeback – and what's more, it is with the active encouragement of Europe's new generation of central bank governors. – UK Telegraph
Dominant Social Theme: Wall Street does God's work after all. Free-
Market Analysis: So Europe's central bankers have decided that the only way to revitalize the European economy – especially Southern Europe – is via securitization of assets.
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