Filed without comment, student exam edition

“As demonstrated by the protagonists in The Big Short, the collapse of the housing market was not inevitable. The entire system of mortgage and lending was based on completely unstable foundations, but investors were too blind with greed to notice. They could have learned from the LTCM debacle 10 years prior that commensuration of risk is impossible, even if it seems lucrative at first. I learned an important lesson about commensuration of risk today because I took the risk of not reading The Big Short and now I am screwed and really have nothing else to say. “

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