There was a mania around residential real estate, adjustable rate mortgages, swaps, cdos and synthetic cdos, that all hinged on adjustable rates resetting up st

There was a mania around residential real estate, adjustable rate mortgages, swaps, cdos and synthetic cdos, that all hinged on adjustable rates resetting up starting in 2007 that drove the 2008 crises. The movie “The Big Short” does a good job explaining it for us laymen imo.