Narrated by David Harper, these excellent videos from Bionic Turtle illustrate the concepts and principles behind asset-backed securities (ABS) and securitization. ABS include Mortgaged-backed securities, Collateralized Debt Obligations, and many others–and are the prominent “star” of the recent financial crisis.
Although the videos are technical, they are presented in lay-man language enough for everyone to learn the basic principles behind securitization and perhaps help shed insights on how and why the financial crisis started, and can be averted in the future.
What Is Securitization?
Key Players In Securitization
Securitization Using Special Purpose Vehicles (SPVs) — Corporations vs. Trust
ABCs of CDOs (Collateralized Debt Obligations)
Subordination and Overcollateralization
Credit Enhancements In Securitization