Structured Finance
October 5th, 2010 | 
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Question: Early in the history of finance, an important issue was???
Liquidity
Technology
Capital Structure
Financing Options
Answer: Liquidity.
Before there were established markets for bonds (and later stocks), it was very difficult to convert a loan someone owed you to cash. The impact is that once you loaned money, you were pretty much stuck until it was paid off or you could find a purchaser. Markets made this process more routine, and as a lender you could get a ballpark on what you could sell a loan for ahead of the actual necessity to do so.
Investment Banking and Structured Finance - 01/16 - Essentials of securitizations deals types
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