12-29-2021, 06:25 AM
Flood me with information about SLABS!
<!-- SC_OFF --><div class="md"><p>I fell down the rabbit hole of Student Loan Asset Backed Securities (SLABS). And from some information I found its sounds very similar to 2008 and CDOs. From what I read these are packaged into trances just like the mortgage backed securities, and have quite high ratings despite a number of factors. These factors include student loan forgiveness, and payment based on income which prolongs payment period, with both of these decreasing value of the bond. Im interested in knowing what a realistic rating on these would be considering the asset is not tangible like a house or a car, they have high ratings but to me they seem like bullshit. Is it really just another bubble waiting to pop? And finally how leveraged is Burry? Any information you could bless me with would be much appreciated!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/will43811"> /u/will43811 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/rqn0iv/flood_me_with_information_about_slabs/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/rqn0iv/flood_me_with_information_about_slabs/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I fell down the rabbit hole of Student Loan Asset Backed Securities (SLABS). And from some information I found its sounds very similar to 2008 and CDOs. From what I read these are packaged into trances just like the mortgage backed securities, and have quite high ratings despite a number of factors. These factors include student loan forgiveness, and payment based on income which prolongs payment period, with both of these decreasing value of the bond. Im interested in knowing what a realistic rating on these would be considering the asset is not tangible like a house or a car, they have high ratings but to me they seem like bullshit. Is it really just another bubble waiting to pop? And finally how leveraged is Burry? Any information you could bless me with would be much appreciated!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/will43811"> /u/will43811 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/rqn0iv/flood_me_with_information_about_slabs/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/rqn0iv/flood_me_with_information_about_slabs/">[comments]</a></span>Kind Regards R