The first thing you likely did today was turn off your alarm on your mobile phone. You showered, got dressed, poured your fuel for your day, and left your house. You hopped in your car which only has a handful of monthly payments left, and made your way to the office. You had lunch at your favorite fast casual restaurant chain, and on your way home from work, you stopped by the gym for a quick workout. Sounds like a pretty typical day in one’s life.
Securitizations are all around our daily lives, so why do they strike most of us as a complex, financially engineered labyrinth?