Learn the core difficulty that led to the Fantastic Recession of 2007-2009. Many pundits continue to mark to sub-prime mortgages as the issue, however this is not evidenced in the factual record. The fair source of our financial meltdown can be traced to the practice of "financialization." This was a sophisticated financial technique of making derivative financial tranches that enabled Wall Street financiers to sell various pieces of mortgage backed securities at an unsustainable level of leverage. Don't miss the contemporary movie, "Margin Call", which will give you an thought of what this is all about.
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