Monday, October 6, 2025

Does anyone else have that 2008 feeling?

You would think following the implosion of the financial sector in the late 2000s, that the lessons of sub-prime lending by banks would have left a great enough imprint to halt such practices. Banks offered mortgages to unqualified customers and bundled those mortgages for sale as collateralized debt obligations, or CDOs. As we know, that blew up in their faces. Yet it is still happening, according to Frank Partnoy in The Atlantic. Partnoy, who worked in the financial sector, writes that this time around the loans are being made to financially strapped businesses. It could blow up again.

 

From <https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/>

BIG Media
BIG Media
Our focus is on facts, accurate data, and logical interpretation. Our only agenda is the truth.
spot_img

BIG Wrap

North Darfur displacement worsens as Sudan paramilitary tightens siege

(Al Jazeera Media Network) Displacement has surged in el-Fasher as paramilitary Rapid Support Forces (RSF) intensified attacks on North Darfur’s capital, according to a...

Russia expresses full support of Venezuela after U.S. strikes boat near coast

(Al Jazeera Media Network) Russia has condemned a US strike on a boat allegedly carrying illegal drugs off the coast of Venezuela that killed four people...