Comments on: Are mortgage-backed securities bonds or equity? 2nd Circuit to decide On the Case Fri, 15 Jul 2016 20:42:45 +0000 hourly 1 By: masaccio Thu, 09 May 2013 12:20:13 +0000 I can see one major lesson in all this: only a fool buys any new security. The probability of litigation dwarfs any potential return.