🔒 Bayview hedge fund’s trades with lenders point to return of crisis-era structures

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🔒 Bayview hedge fund’s trades with lenders point to return of crisis-era structures

In a significant move reminiscent of pre-2008 financial practices, Bayview Asset Management structured $642 million in complex re-securitization trades, selling insurance to Huntington and Sofi against loan losses. These transactions, echoing collateralized debt obligations, raise concerns about their potential to obscure banking system risks. While featuring more safeguards than past deals, experts caution they may still hide vulnerabilities, h…