| And much of the debt has been securitized into income shares sold to the public which has no knowledge of what they bought. |
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| Additionally, many asset-backed conduits purchase financial assets already securitized by other funding corporations. |
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| Regulators and rating agencies generally understand banks' retention of exposure to risk from loans they've securitized. |
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| The most crushing debt people are worried about, like subprime mortgage loans, has been securitized. |
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