What are Mortgage Backed Securties (MBS)?

By: Myles, October 16th, 2008

We know we got ourselves into deep financial trouble, but how?

Turns out the crux of it seems to have stemmed from something called a Mortgage Backed Security (MBS). But what exactly are MBS??

Check out these very interesting videos, to explain it all. They are so interesting and simple, even a child can understand these explanations. Click here …

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