Securitization is alive and well: off, off Broadway. Last night saw the premiere of Monetizing Emma, a play about a teenager who securitizes her future possibilities. HousingWire happily attended the premiere (in spirit), in the front row, wearing tuxedos and holding a whole mess of nachos. In an interview with writer and ABS journalist, SourceMedia’s own Felipe Ossa, the play is particularly apt since the market in securitization is stalled and it’s only a matter of time before new assets to pool are envisioned. Inspired by Jane Austen novels, Ossa says: “Girls in those tales are often forced to make financial decisions. In Austen novels it’s all about the money required to get a suitor. In today’s environment a girl needs to marry the market.” In the play, the whole deal is carried out by fictitious boutique investment firm, Thackeray Walsh. And the idea is not so far-fetched for those who have been in the financial writing space for a while. Remember Bowie Bonds anyone?
Securitization — the Play
Most Popular Articles
Latest Articles
Selling your home to a family member in 5 easy steps
Selling your home to a family member can be beneficial but requires careful planning and transparent communication. Follow these five steps to ensure a smooth transaction, from agreeing on logistics and assembling a professional team to determining your home’s value and understanding tax implications.
-
FOA reverse stock split goes into effect, appears to have intended impact
-
Senate Aging Committee leaders introduce bill on aging in place
-
HousingWire Pulse: Respondents show cautious optimism about the Q3 housing market
-
US Senate committee approves full funding for Ginnie Mae
-
Connecticut Senator asks HUD for answers on backlog of discrimination complaints