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📺 8 money & investing shows for the summer

Australian Finance Podcast

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The Big Short, Too Big to Fail

The property market was built on crappy loans that were sold to pension funds. The thing that happened is the credit rating agencies like Standard and Pours, Moody's, all these big overseers,. That should have a higher interest rate. All of those people will be like, yeah, it's fine. We get paid for rating this thing. And they're still alive. So you've got to think that is the worst possible thing that could happen to them.

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