4 ms·
If you mean 2008, yeah, you're right, but those were mostly loans to relatively low income people buying homes, not loans against billionaires' unrealized capit
by gradys 6y ago
If you mean 2008, yeah, you're right, but those were mostly loans to relatively low income people buying homes, not loans against billionaires' unrealized capital gains.
- sidlls 6y agoThose were mostly covering obligations in the huge CDS market that grew up around bad loans, not the loans themselves.