Driven by unbridled passion and over 50 years of experience, Williams explains financing with unparalleled candor and clarity. This article unpacks Securitization, the second phase of her Flow of Financing framework and model. Learn the true short and long term profit and loss by deriving securities from mortgages and other collateralized debt obligations. Understand how the impact on participants in the financing process and on our global economy can exceed billions of dollars. Get your copy of Securitization: Long Term Effects of Securitizing Mortgages by choosing the donation amount that you can afford.