3 ms·
It is actually. The housing market had real collateral even if it was overly appraised.
by swader999 6y ago
It is actually. The housing market had real collateral even if it was overly appraised.
- danhak 6y agoNo, it's not. Not even close. The current market cap of GME is $25 billion. Meanwhile, the size of the subprime mortgage market in 2008 was in the neighborhood of $50 trillion.
- swader999 6y agoShorting losses can be infinite. Then add in the derivatives at play. Who backs these trades? Who backs them? What gets triggered when any of these default on their contracts?