The Catastrophe in Two Thousand and Seven

Rit th, these very mortgage back securities that your colleague, louis reneri invented were at the center of the two thousand eight financial crisis. It starts in lyars poker, and it blows up in two thousand eight. And when i started calling around and trying to talk to traders who had made the catastrophic bets inside morgan stanley and merri lynch and city group, the people who had not seen that they'd built this doomsday machine. The first thing they say, this wasn't my fault. Nobodys nobody. Sa guy is the guy? Yes, the other guy. That's true. He didn't make the very bad loans that tat