Europe@feddit.orgEnglish · 1 day ago

EU resurrects banking practice that caused the 2008 financial crisis

www.politico.eu

cross-posted to:
world@lemmy.world

EU resurrects banking practice that caused the 2008 financial crisis

www.politico.eu

CAVOK@lemmy.world to

Europe@feddit.orgEnglish · 1 day ago

cross-posted to:
world@lemmy.world

Securitization allows banks to repackage and resell debt, famously explained by actress Margot Robbie in a bubble bath in the film “The Big Short.”

Paywall? https://archive.is/TzfCE

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“we can just remove the brakes from this car, it hasn’t crashed yet and we barely even use them!”

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