UN-CONSTITUTIONALITY OF ASSET SECURITIZATION

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Michael Nwogugu

DOI:10.22495/cocv5i3c3p7

Abstract

Under US laws, all forms of asset securitization are unconstitutional. Securitization of many types of assets (loans, credit cards, auto receivables, insurance, intellectual property, etc.) has become more prevalent, particularly for financially distressed companies and companies with low or mid-tier credit ratings. This article analyzes critical legal and corporate governance issues.

Keywords: Securitization, Constitutional Law, Capital Markets, Complexity

How to cite this paper: Nwogugu, M. (2008). Un-constitutionality of asset securitization. Corporate Ownership & Control, 5(3-3), 400-404. http://doi.org/10.22495/cocv5i3c3p7