This Is How the System Collapsed ???? ... Bets on Bets on Bets

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In The Big Short, economist Richard Thaler explains how the financial world turned a $10 million mortgage bond into billions through endless synthetic CDOs — essentially bets stacked on other bets. It created a financial time bomb.

#finance #wallstreet #bigshort
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the big short, synthetic cdo, richard thaler cameo

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