Europe@feddit.orgEnglish • 3 days ago

EU resurrects banking practice that caused the 2008 financial crisis

www.politico.eu

cross-posted to:
world@lemmy.world

EU resurrects banking practice that caused the 2008 financial crisis

www.politico.eu

@CAVOK@lemmy.world to

Europe@feddit.orgEnglish • 3 days ago

cross-posted to:
world@lemmy.world

Securitization allows banks to repackage and resell debt, famously explained by actress Margot Robbie in a bubble bath in the film “The Big Short.”

Paywall? https://archive.is/TzfCE

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Miles O'Brien
link
fedilink
English
6•3 days ago
I have a permanent solution to banking crises:

Ban capitalism globally.

It’s foolproof. It will stop any more banks from having any sort of crisis.

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