Mises Wire
Author:
Mark Thornton
Online Publish Date:
The movie The Big Short is really a pretty good movie. It was closer to the truth than most products out of Hollywood regarding “capitalism.” Plus, it gives the audience at least some idea of what Mortgage Backed Securities (MBS), Collateralized Debt Obligations (CDO), and Swaps are. The two main things it leaves out—and both are critical for