Cykros on Nostr: Margin Call is another good one about the crash. Different angle, slightly more ...
Margin Call is another good one about the crash. Different angle, slightly more fictionalized, but just barely.
That movie taught everyone what derivatives were. In 2008 they were on the news everywhere and it seems silly now to think back to how few people had the foggiest idea of what the word meant in an investing context, given that we have options traders on Robinhood Yoloing stimi checks. Though CDO's and CDS's are at least a little more opaque still, never mind things like interest rate swaps, forex swaps, and currency swaps.
Financialization schemes run almost as deep as HD wallets.
That movie taught everyone what derivatives were. In 2008 they were on the news everywhere and it seems silly now to think back to how few people had the foggiest idea of what the word meant in an investing context, given that we have options traders on Robinhood Yoloing stimi checks. Though CDO's and CDS's are at least a little more opaque still, never mind things like interest rate swaps, forex swaps, and currency swaps.
Financialization schemes run almost as deep as HD wallets.