AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
The big short movie online10/31/2023 ![]() Greedy and heedless, Wall Street firms had been turning subprime mortgages loans made to people with low creditworthiness or little documentation into exotic, toxic financial products that they made a fortune laundering and reselling, and they were enabled in doing so by the very ratings agencies that were supposed to police risk. ![]() ![]() The global financial crisis of 2008, which economists estimate could result in several trillion dollars of losses and which has already cost American taxpayers billions of dollars in government bailouts, was triggered not by war or recession but by a crazy, man-made money machine, built on flawed mathematical models that most financial executives did not really understand themselves.
0 Comments
Read More
Leave a Reply. |