You Just Bet Against The American Economy - The Big Short #shorts #reels

Hollywood's dramatization of the '07-'08 housing market crash. This was caused by greedy bankers/brokers who, withuot real regulations, got wealthy selling mortgages to people who could not afford them. When everyone started defaulting on their loans, the whole system came tumbling down. Today we have strict regulations in place to ensure that doesn' thappen again. We follow the Ability to Repay Rule amongst others.

#thebigshort #bradpitt #stevecarrell #christianbale #margotrobbie #finance #homeloans #banking #empathy #regulations #loanofficer #mortgagebroker #personalfinance #responsibility #people #unlearnedfacts #importantknowledge #unknownknowledge