Adam McKays Oscar-winning drama is cited as factor in wariness among investors towards similar bonds based on vehicle loansThe American financial services firm Morgan Stanley has blamed Oscar-winning film The colossal Short for a reluctance among investors to sign up for sub-prime bonds,reports Bloomberg.
Adam McKay’s acclaimed drama is about the housing bonds sold to investors prior to the 2008 financial crisis that were largely based on sub-prime loans to risky borrowers. While new financial rules absorb improved the quality of such packages, Morgan Stanley notes in a new briefing that investors remain suspicious of similar-looking car-based bonds.
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Source: theguardian.com