How to pronounce“securitizations”in English
IPA/sɛkʌrɪtɪzætɪɒns/
Syllablesse·cu·ri·ti·za·ti·ons
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36:02
Every decade or so, we have to relearn that covenants are important, that risks do go up and down, but never disappear, that the Greater Fool Theory, now known as
securitizations, collateral debt obligations, and the like, do not last long, and that sooner, but most often later, they will all come back to roost.
Wells Fargo, by the way, did not participate in this charade.
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