Status Updates From The Big Short: Inside the D...
The Big Short: Inside the Doomsday Machine by
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ashley
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”The market might have learned a simple lesson: Don’t make Loans to people who can’t repay them. Instead it learned a complicated one: You can keep on making these loans, just don’t keep them on your books. Make the loans, then sell them off to the fixed income department of big Wall Street investment banks, which will in tern package them into bonds and sell them to investors.”
— Jul 13, 2026 01:14PM
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