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There's a scene in The Big Short involving discussion over the rise in subprime mortgage bond prices despite an increase in mortgage defaults: Mark Baum: "That
by doc_gunthrop 8y ago
There's a scene in The Big Short involving discussion over the rise in subprime mortgage bond prices despite an increase in mortgage defaults:
Mark Baum: "That's not stupidity. That's fraud."
Jared Vennett: "Tell me the difference between stupid and illegal, and I'll have my wife's brother arrested."