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Exclusive: Part II - Lewis Ranieri on crisis aftermath and US & Europe comparisons

Almost 40 years ago Lewis Ranieri played a pivotal role in establishing a market for publicly traded real estate securities.
By James Wallace
October 14, 2013 | 8:00 P.M.

Originally designed for funding the post-Second World War Baby Boomers’ US housing finance needs, in the subsequent decades residential securitisation nearly supplanted the banking and thrift industry.

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