The securitization of mortgages originally was seen as a triumph, because it shifted risk to financial markets, while taking deposits and making and monitoring loans – the purview of traditional banks – was regarded as narrow and old-fashioned. By contrast, modern banks would seek finance mainly in the interbank market and securitize their loan portfolios.
巴塞罗那—目前的金融危机会导致银行的末日么？按揭的证券化起初曾被视为一项成就，因为它将风险转移到金融市场，而吸纳存款和发放及监控贷款—传统银行的业务范围—则被认为是狭窄而老派的。相较之下，现代银行主要通过银行间市场和贷款组合证券化的方式融资。