#collateralizeddebtobligations — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #collateralizeddebtobligations, aggregated by home.social.
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CW: Long thread/5
A quick refresher: Obama inherited the #GreatFinancialCrisis, a massive global asset crash that followed from a decade of real-estate and derivatives deregulation that saw the world's largest banks issuing mortgages they knew would fail, and then placing massive bets on "#CollateralizedDebtObligations" that were supposed to offset the risk.
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