“SecondMarket Holdings, the private-market securities trading firm best known for allowing numerous overzealous fans to buy FaceBook at moronic valuations, on Monday ‘will roll out a platform allowing lenders to issue securities backed by student loans directly to investors.’ Why is SecondMarket doing this? The same reason Lloyd Blankfein was selling Abacus (and all those other synthetic MBS CDOs) to clueless yield chasers all across Europe and Asia: yield chasing and career risk. The justification is also the same: making a market.”
http://www.zerohedge.com/news/2013-03-03/so-you-want-short-student-loan-bubble-now-you-can
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