Financial literacy via movies

Learning Finance via The Big Short

Most Americans probably hadn’t heard the phrase “mortgage-backed securities” until around 2008, when the subprime-mortgage crisis erupted and sent the U.S. financial system into chaos. But what exactly happened? That’s the central question of the film The Big Short, an adaptation of Michael Lewis’s 2010 book about a handful of Wall Streeters who uncovered the underlying problems in the mortgage market and bet against (or shorted) the securities made up of subprime debt before all hell broke loose. These underdogs become the winners of the financial crisis. Kind of. ….[READ]

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