Loans have happened long before 2008 and have continued ever since.
This process is described in the Bible for example!
What does the Bible say about collecting interest on loans (the necessary part for making mortgage backed securities)
I sort of would read bible passages describing modern financial instruments.
Perhaps it has some psalms discussing merits of MMT, or parables on Quantitative Easing.
What does the Bible say about collecting interest on loans (the necessary part for making mortgage backed securities)
I sort of would read bible passages describing modern financial instruments.
Perhaps it has some psalms discussing merits of MMT, or parables on Quantitative Easing.