Sequels are generally never as good as the original. They tend to simply make it worse. Well in the financial world, it seems to be the same. This toxic financial product has made a major comeback and it won’t stop growing until we get to the next bailout plan.
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As Credit Booms, Citi Says Synthetic CDOs May Reach $100 Billion - Bloomberg
https://www.bloomberg.com/news/articles/2017-11-02/as-credit-booms-citi-says-synthetic-cdos-may-reach-100-billion
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The Big Short: Inside the Doomsday Machine: Michael Lewis: 8601400333891: Amazon.com: Books
https://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0393338827
The Big Short (2015) - IMDb
http://www.imdb.com/title/tt1596363/
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The Financial Crisis occurred because of financial derivative products, going way overboard, and that was the domino effect taking place. Great excuse to funnel money from the taxpayers to the bankers. They really did win that battle.
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