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@Lolio App - 2026

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John was just a poor little hedge fund owner. But around the year 2005, he noticed something insane. All of these banks were giving home loans to almost anyone, and I mean anyone. Like minimum wage McDonald's workers were getting approved for luxury mansions with six rooms and a pool. But the banks were not stupid. They just couldn't care less abou

#financial crisis#2008#mortgage-backed securities#subprime mortgages#banks

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@Lolio App - 2026

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