![]() In his book The Big Short, author Michael Lewis tells the story of that small group of investors who swam upstream, ignoring the folly of Wall Street and literally betting against the market. ![]() The bonds, made up of sub-prime home loans, were given to borrowers who simply couldn't repay them. ![]() Those who did were smart enough to spot the dangerous explosion in mortgage-backed bonds being traded on Wall Street. When the global financial crisis smashed the world economy in 2008, there were very few people who had seen it coming.
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