4 ms·
Some people say the 2008 mortgage crisis was sort of a land grab. It would probably be giving the 'financial engineers' who came up with credit default swaps
by gerbilly 8y ago
Some people say the 2008 mortgage crisis was sort of a land grab.
It would probably be giving the 'financial engineers' who came up with credit default swaps too much credit to say that they planned it that way all along.
But as a side effect, tons of properties dropped in value and were, surprise surprise, sold mostly in blocks.