• OneCardboardBox@lemmy.sdf.org
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    1 year ago

    You don’t have to trust banks to not shortsell the housing market with your own money (causing a recession for the entire world)

    The way I read this, it suggests that banks shorting the housing market with my deposits caused a global recession.

    You’re right about the ratings agencies (as far as I know, also from The Big Short), I was skipping over that for brevity.