The housing market crashed in 2008, and was an event that that has marked the United States today. “Mortgage crisis. Credit crisis. Bank collapse. Government bailout. Phrases like these frequently appeared in the headlines throughout the fall of 2008, a period in which the major...
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This type of mortgage shown in the movie is called subprime mortgage which means these are loans that have very small possibility of being paid. This happens because the banks primarily target mostly the immigrants and the people who earn small or those poor people....
So the primary concern that lead to the 2008 breakdown was the creation and abuse of home loan. This was explained by Margot Robbie in the bath tub scene.The bonds, as notes, were great resources for banks in the first place since they were brimming...
After watching this movie, I can say that I have several life lesson that I learned that would be helpful for me in the future. Those lesson are the following: Take the Risk – in the movie, the characters took the risk in betting against...
The Big Short is a very informative book about the events leading up to the U.S. Stock market crash of 2008. Michael Lewis tells this story to give a behind the scenes look into the people who saw this historic crash coming with the blind...
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So the primary concern that leads to the 2008 breakdown was the creation and abuse of home loans. This was explained by Margot Robbie in the bathtub scene. The bonds, as notes, were great resources for banks in the first place since they were brimming...
The book I chose to read for my report was The Big Short: Inside the Doomsday Machine by Michael Lewis. I was nine years old when the market crashed in 2008 and wasn’t fully aware of the impact that it had on the United States...
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