"It was the billions upon billions of side bets...banks securitizing mortgages, hedge funds speculating on mortgage-backed securities...that put far more at risk than the total value of all the sub-prime mortgages." Jennifer Taub--Other People's Houses--yale uni press 2014

add to that credit default swaps and short sales, and Clinton's last-minute Commodities Futures Modernization Act, and the deck is pretty well stacked with marked cards

michael langford
michael langford

Written by michael langford

Carpenter: woodcarver with a bent for typography, music, poetry, good design & living well in peace and harmony. Un-apologetically Southern; literate…

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