“The private-equity firm Blackstone and Deutsche Bank are considering selling the first bonds backed by home-rental payments. The new security shows Wall Street financial engineering, blamed for deepening the financial crisis, has become more creative. Blackstone is among the firms that have spent billions buying homes out of foreclosure, helping to bolster demand and strengthen the US housing market, the WSJ reports. The private-equity giant has spent $5.5bn buying more than 30,000 houses to rent out. It is now working with Deutsche Bank to create securities tied to about 1,500 of the properties to form a rental bond deal worth up to $275 million.”
http://rt.com/business/blackstone-deutsche-bonds-rental-backed-898/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Regulators Play the Role of Police, Judge and Executioner: Witness Liberty Silver Corp.
US Citizen? No Foreign Bank Account For You!
This Public Preschool Looks Like a Prison
Behind 'Deep Web': Alex Winter's excellent Bitcoin adventure
Jews say no to AIPAC and say no to bombing Syria
The Private Prison Companies Profiting From Family Separations
Keene Activist Threatened With Eighty-One Years In Prison For Weed
Destroyer of Mankind Now a Museum Piece
Detlev Schlichter on Sky News with Jeff Randall - Paper Money Collapse
Iceland's EU bid is over, commission told
Another Major Police Lie About the Boston Bomber Search
Biofuel breakthrough turns virtually any plant into hydrogen
40% of U.S. on Benefits; More Receive Benefits Than Full-Time-Employed
Energy harvester that creates power from ambient vibrations comes to market
Fed up with euro, France flirts with coupon money