Fears are mounting as genuine estate industry isn’t known for level-headed behavior at the best of times,and across the US, this isn’t the best of timesOne of the contenders for best picture at this year’s Oscars is The gigantic Short, and the saga of just how we merrily raced off the side of a financial cliff in the years main up to 2007.
The movie somehow manages to make entertaining the insanity behind both the housing bubble and the golden years on Wall Street that accompanied it. It chronicles how a few naysayers saw the writing on the wall,recognized that the frenzy of lending to subprime borrowers likely would come to a grisly stop, and bet against the trend, and massively. Continue reading...
Source: theguardian.com