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The narrative of the Big Short omits something big i.m.o.: encouragement of easy mortgage lending standards by Washington politicians. Is this line about the SE
by peterbecich 3mo ago
The narrative of the Big Short omits something big i.m.o.: encouragement of easy mortgage lending standards by Washington politicians. Is this line about the SEC the only reference to government in the movie?
- deleted 3mo ago[deleted]
- dqv 3mo agoBut that just goes back to the banks again. Why did the Washington politicians encourage easy mortgage lending standards? Lobbying by big banks. https://scholarship.law.gwu.edu/faculty_publications/1301/ https://scholarship.law.gwu.edu/faculty_publications/1301/ In a similar vein with CAFE standards: why were those loop holes introduced? Lobbying by the auto industry.