I think it probably began with the bankers, and the financial crash of 2007-08. I was watching The Big Short, the excellent new film about the disaster, and was reminded of how badly some of them behaved. They pushed out loans to people who could not afford them. They even rolled up these dud loans into “Collateralised Debt Obligations” (CDO) – and sold them on, like people deliberately selling contaminated meat pies.
Read Full Article »
