HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Video & Multimedia (Forum) » "Every 1% Unemployment Go...

Sat May 16, 2020, 08:12 PM

"Every 1% Unemployment Goes Up, 40,000 Die"... 'The Big Short'



'The Big Short' (2015). In 2006-2007 a group of investors bet against the US mortgage market. In their research they discover how flawed and corrupt the market is. Christian Bale, Brad Pitt, Steve Carell.

https://www.imdb.com/title/tt1596363/

4 replies, 945 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 4 replies Author Time Post
Reply "Every 1% Unemployment Goes Up, 40,000 Die"... 'The Big Short' (Original post)
appalachiablue May 2020 OP
alwaysinasnit May 2020 #1
appalachiablue May 2020 #2
bonniebgood May 2020 #3
Quixote1818 May 2020 #4

Response to appalachiablue (Original post)

Sat May 16, 2020, 09:29 PM

1. We are heading for the next, only worse. 2008 was about residential mortgage-backed securities.

The next one will likely be about commercial mortgage-backed securities.

https://www.democraticunderground.com/100213445672

Reply to this post

Back to top Alert abuse Link here Permalink


Response to alwaysinasnit (Reply #1)

Sat May 16, 2020, 10:06 PM

2. Yes & we've been in the dangerous 2nd Gilded Age for 30+ yrs

Whereas the fraud during the last crisis was in residential mortgages, the complaint claims this time itís happening in commercial properties like office buildings, apartment complexes and retail centers. The complaint focuses on the loans that are gathered into pools whose worth can exceed $1 billion and turned into bonds sold to investors, known as CMBS (for commercial mortgage-backed securities).

This has the potential to be so much worse than the 2008 financial debacle. We need to reinstate Glass-Steagall.




Reply to this post

Back to top Alert abuse Link here Permalink


Response to appalachiablue (Reply #2)

Sun May 17, 2020, 07:22 AM

3. if Glass-Steagall didn't happen in Obama's two terms it will never happen alone with two

others I won't forgive Obama for.
Overturning Glass-Steagall,
United States Postal Service 75year prepay health care law, and
Pardoning Don Siegelman.

Reply to this post

Back to top Alert abuse Link here Permalink


Reply to this thread