a ferrari is a marvelous machine.
but in the hands of a fool, it's a rolling disaster.
"The guy walked away..."
re: the source of this thread: by tinfoil futures.
a ferrari is a marvelous machine.
but in the hands of a fool, it's a rolling disaster.
"The guy walked away..."
re: the source of this thread: by tinfoil futures.
"Asset securitization" is often a way of of encumbering clear title to assets. Without a clear title what is a sale?
A parallel obfuscation of title occurs in other areas -- such as titles to land and real estate sold with encumberances of homeowners associations, and a manifold of title devices used to bind up land from development for open space ideals.
Such encumberances should NEVER be in the title -- but a side contract outside. Once in the title they impair and dilute the law of title and asset transfer, eventually in ways that cause the system to break or die.
Yes, things can run mixed-up for a very long time. But the lack of clear ownership exacts a greater cost elsewhere. In general ethics, morale and morals.