In his first television interview ever, Lew Ranieri did not disappoint. In a candid interview, the "father" of the mortgage-backed security offered important insights on the state of the housing market and the market for securitized commercial mortgages, while also proving willing to accept criticism of the industry he helped to create.
(Lew Ranieri is known as the "father of securitization" because he helped invent the securitized mortgage in 1977 while working for Salomon Brothers. He's even been credited with inventing the word "securitization.")