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The Big Short talks about this too— people trying to figure out how to bet against subprime mortgages in a way that the entity on the other side of it will actu
by mikepurvis 6y ago
The Big Short talks about this too— people trying to figure out how to bet against subprime mortgages in a way that the entity on the other side of it will actually be in a position to pay out (and be able to be compelled to do so).
Perhaps ironically, one of the central characters of that story, Michael Burry, is none too pleased at the current situation: https://www.bnnbloomberg.ca/michael-burry-calls-gamestop-rally-unnatural-insane-and-dangerous-1.1554521 https://www.bnnbloomberg.ca/michael-burry-calls-gamestop-ral...
EDIT: The Big Short, of course, not Moneyball.
- seanosaur 6y agoNitpicking, but I think you're referring to The Big Short rather than Moneyball.
- mikepurvis 6y agoRight, of course— thanks. My brain was short-cutting to "the one that got made into a movie."
- exoque 6y agoYou mean 'The Big Short', Moneyball is about baseball. ;)