How does your Obligation to make your Mortgage Payments, turn into some unseen Investor’s “Income Stream”?
Easy — thanks to Derivatives and CDO’s (Collateralized Debt Obligation).
For the mere Price of Admission, those unseen Investor’s get to divvy up your Mortgage Payments, among themselves — long as they “promise to pay off” that Debt, WHEN, for whatever reason, you are no longer able to make those Obligatory Payments …
Piece of Cake!
Geesh … WHAT could ever go wrong with this picture?