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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Wall Street Increasingly Reliant on Asset-Backed Securities | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="oPz28FgZqj"&gt;&lt;a href="https://www.nakedcapitalism.com/2007/06/wall-street-increasingly-reliant-on.html"&gt;Wall Street Increasingly Reliant on Asset-Backed Securities&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2007/06/wall-street-increasingly-reliant-on.html/embed#?secret=oPz28FgZqj" width="600" height="338" title="&#x201C;Wall Street Increasingly Reliant on Asset-Backed Securities&#x201D; &#x2014; naked capitalism" data-secret="oPz28FgZqj" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>This Financial Times article, which describes the growing role that asset-backed securities play in investment bank profits, comes as no surprise. Not only are these products significant in terms of total revenues, but they are more profitable than the norm for these firms. But connect the dots: Wall Street is one of the biggest funding [&hellip;]</description></oembed>

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