Is it 2008 all over again? [Khe Hy]
The Examined Life
Unraveling Securitization: The Risks Behind Subprime Lending
This chapter examines the intricacies of subprime lending and securitization before the 2008 financial crisis. It highlights how risky loans were packaged as safe investments, exploring the financial strategies and systemic vulnerabilities that ultimately led to widespread economic instability.
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