The Security Analysis Podcast cover image

The Big Short

The Security Analysis Podcast

00:00

The Mortgage Bond Collapse

This chapter examines the shift from traditional partnerships to corporate structures on Wall Street and its impact on financial risk management, particularly surrounding mortgage bonds. It tells the story of key players who misjudged these investments, leading to the catastrophic financial crisis of 2008, and critiques the reckless profit-driven culture that emerged. Through personal narratives, it highlights the unconventional approaches taken by some individuals in confronting a flawed banking system, emphasizing the manipulation of credit ratings that obscured the true risks of mortgage bonds.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app