The story leaves out the part where Heidi’s bank is threatened by the federal government to find a way to market the debt.
BINGO
The analogy is pure bullshit. Once again it`s the false narrative where they point to one of the last dominoes to fall and try tell us it all started there.
There could be no derivatives without the underlying assets created by govt.
Remove the decades of legislative Big Govt. interference in the free market, the decades of legislation, Fannie Mae, HUD.
...and the part where the government limits the percentage of non-broke drunks she can “sell” to...