The Behavior of a Residential Mortgage Back Security in the US Subprime Mortgage Crisis

Donna Brazile asks Joseph Walker about the behaviour of a residential mortgage back security in the US subprime mortgage crisis. In Australia there are some rolling loans here and we were told by some of these mortgage brokers how to expand your credit. But I don't know a systematic culture of rolling. So bad but not Armageddon. If we pegged our currency it would be Armageddon. We're not stupid enough to pick our currency and guide the bell won't defend the 40 cent Australian dollar.