Like many other banks and finance companies, Green Tree used a process called securitization to resell its home loans to outside investors. Green Tree grouped thousands of these small loans into a pool worth hundreds of millions of dollars.

About This Quote

About Alex Berenson

Alex Berenson was a contemporary American writer. Alex Norman Berenson is an American writer who was a reporter for The New York Times, and has authored several thriller novels as well a book on corporate financial filings. His 2019 book Tell Your Children: The Truth About Marijuana, Mental Illness and Violence sparked controversy, earning denunciations from many in the scientific and medical communities. Read more on Wikipedia →

More quotes by Alex Berenson

Related Quotes