5min chapter

The Security Analysis Podcast cover image

Liar's Poker

The Security Analysis Podcast

CHAPTER

Rise of Mortgage Bonds: A Wall Street Story

This chapter explores the early creation and development of mortgage bonds on Wall Street, focusing on the challenges faced by firms and the pivotal contributions of a key individual. It highlights the tension between sellers and buyers in the financial market, as well as the political dynamics that ultimately led to the downfall of a prominent figure in the industry.

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