wo debt becomes equity, let's make money together!
Lewis Ranieri, who invented the new rules of the game in the 1970s, never imagined that the idea of just wanting to make more money would lead to the catastrophic consequences of the 2008 subprime mortgage crisis that would cause countless people to suffer. The background is that the US government supports the real estate market to stimulate the economy, but the result is : Incompetent civilian loans, speculative real estate speculation, random loans, random lending by banks, false ratings by rating agencies, dereliction of duty by regulatory agencies, simple real estate bonds inflated into countless financial CDO products, a billion-dollar bubble that can be blown out of 50 million, When the housing market went down and the civilians at the bottom couldn't pay back the money, all the stacked money buildings collapsed. Nowadays, the young people who are immersed in consumerism and cannot extricate themselves from various credit loan products and various cods in the financial market seem to be a potential crisis. No matter how much the capital market bubble blows, it will eventually burst.
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