This Is What Happens When You Buy Fire Insurance For A House You Don’t Own And Hope It Burns Down

With Michael Lewis’ book“The Big Short,” he introduced us to several characters that injected us rightinto the heart of the economic meltdown of 2008. Here are several points ofview regarding what caused the Great Recession: largely traders betting againstmortgages they didn’t even own.

By

Edwardo Jackson

Nov 14, 2012

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