Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish
Jeff For Banks
JUNE 2, 2023
And quite frankly, I did not know there were so many tranches to mortgage-backed securities. According to the FDIC, the causes of the 2008-09 financial crisis lay partly in the housing boom and bust of the mid-2000s; partly in the degree to which the U.S. We took a serious reputational hit. credit default swaps anyone?). Good times.
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