The big short is entertaining and does a good job of explaining the products and identifying key individuals, however it’s presented from the leftist perspective and fails to depict one of the main reasons for the crisis - government intervention in the mortgage underwriting market, which caused the banks to reduce credit/capital requirements in an attempt to increase minority and lower income home ownership. If that wonderful democratic initiative had never happened, the loans underlying the mortgage securities would never have defaulted in such amounts as to cause the crisis. Go see the Revenant.
Thanks for your informative reply.
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