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Get ready, the Wall Street mafia does it again ... [View all]
From the movie "The Big Short":
When the dust settled from the collapse, 5 trillion dollars in pension money, real estate value, 401k, savings, and bonds had disappeared.
8 million people lost their jobs, 6 million lost their homes. And that was just in the USA.
...
In 2015, several large banks began selling billions in something called a "bespoke tranche opportunity." Which, according to Bloomberg News, is just another name for a CDO.
http://failedevolution.blogspot.gr/2016/01/wall-street-mafia-does-it-again.html
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