47 sats \ 2 replies \ @zx 13 Sep \ on: Eurozone: Is Reviving Securitization the Answer On Its Problems? econ
How does Boersen Zeitung in KfW campaigns for EU securitization reform characterize the third largest German banks appeal to deregulate markets through reducing due diligence?
I couldn't read the full article but to my mind, not even 20 years has passed since the mortgage backed securities crisis, so how else could we define irresponsible lending.
You should be aware that KfW is a state-owned bank and enjoys 100% guarantor liability of the state. It is clear that KfW has a higher risk profile and acts more irresponsibly than normal market participants. Of course, this is not how it is presented in the media. KfW is nothing more than an extended press office of the German government in the area of finance.