What was going on during the financial crisis of 2008? Can someone explain to me what happened and how it affects us today?
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Answer:
Book: The Big Short. Film: Margin Call. Simple explanation: none really, but many powerful people were, so to speak, walking a tightrope with their eyes shut, and much money was wasted on goodies that the buyers couldn't really afford. Today: many people unemployed or retired prematurely, and poorer than they might be, while the wasted money is being replenished.
Richard Treitel at Quora Visit the source
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