April 14, 2012
Check out this update from Thomas Martin III, PhD:
Timeshare sales employees, working for public owned companies etc, must sell suitable loan packages to consumers otherwise they could create toxic derivative and contribute to the next bank bailout and financial meltdown on wall street :
In finance, a credit derivative refers to any one of "various instruments and techniques designed to separate and then transfer the credit risk" of the underlying loan.[1] It is a securitized derivative whereby the credit risk is transferred to an entity other than the lender. This synthetic securitization process has become increasingly popular over the last decade
Thomas Martin III, PhD
Surfside Beach, SC