The Rube Goldberg Machine That is Our Mortgage Finance System

by Alex Stenback on August 6, 2007

From the NYT (via Big Picture, Calculated Risk, etc.):

Homeowners may be dimly aware that their mortgage is held by someone other than the bank that lent them the money.  But who is that someone?

Fantastic Graphic accompanying the above quoted text can be found right here:
Housing Busts and Hedge Fund Meltdowns: A Spectators Guide [NYT]

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