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Everyone with two braincells knew something didn't check out with housing in the US by 2006. But nobody cares if they think there's still time to get in and ma
by onlyrealcuzzo 5y ago
Everyone with two braincells knew something didn't check out with housing in the US by 2006.
But nobody cares if they think there's still time to get in and make money.
This is true of most bubbles.
- jkhdigital 5y agoThe difference is that lots of people who had no interest in playing that game were unwittingly dragged into it by the CLO/CDO scam. That’s why the risk became systemic—bankers tricked everyone into spinning the wheel.