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Canada: A blueprint for housing pessimists

Posted on 18 November 2010

From Theglobeandmail.com: As the U.S. housing sector crashed, a handful of investors made billions of dollars because they had the foresight to short the market. They were able to cash in because most of the mortgages issued during the U.S. property boom were repackaged and resold to other investors.
Owners of the investments were willing to lend them out to be sold short, because they didn’t understand the extent of the crisis to come……………………………………….Full Article: Source


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