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> the odds of any individual one of them failing was extremely low, let alone all of them. that reminds me of the tranches in mortgage backed securities during
by chasd00 4y ago
> the odds of any individual one of them failing was extremely low, let alone all of them.
that reminds me of the tranches in mortgage backed securities during the 2008/9 financial crisis.
See this scene from The Big Short
https://www.youtube.com/watch?v=4WUGhteNlzM https://www.youtube.com/watch?v=4WUGhteNlzM