securitization is just the process of transferring risk from those who think the... | Hacker News

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vasilipupkin on July 8, 2015 | parent | context | favorite | on: Why is finance so complex? (2011)

securitization is just the process of transferring risk from those who think they can't hold it to those who think they are very good at holding it. It is a tool, and it is a very good tool. A shovel is a tool and if I take a shovel and kill someone with it, that doesn't make the tool itsel bad

Spooky23 on July 9, 2015 [–]

I didn't say it was bad, just not particularly useful in proportion to the other effects.

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