> The problem with mortgage backed securities is that nobody has the time to inspect the credit worthiness of each mortgage in a MBS
Credit worthiness of each mortgage wasn't the issue with mortgage-backed securities. It was that low value mortgage-backed securities were repackaged into a basket with a mix of securities and given a higher credit rating than what Subprime would have gotten on their own.
This repackaging is absolutely going to happen again with GPUs. If there are GPUs of different generations within the same security, it's already happened.
Credit worthiness of each mortgage wasn't the issue with mortgage-backed securities. It was that low value mortgage-backed securities were repackaged into a basket with a mix of securities and given a higher credit rating than what Subprime would have gotten on their own.
This repackaging is absolutely going to happen again with GPUs. If there are GPUs of different generations within the same security, it's already happened.