In his first ever television interview, Lew Ranieri, 'the Father of Securitization', told the folks at CNBC his view of the truth about the housing market. It's notable that they cutoff the video while he was mid thought. I wonder what he said after that. Be aware that he is a buyer of distressed debt and thus scaring people about the housing market could backfire badly on him. Then again, none of us know his true financial motivations for what he says about the state of the industry. I must say he sounds credible to me based on everything else I have read from trusted sources.
Here's the interview:
