I wanted to post this lecture to the many people that are struggling for answers amid of a wave of uncertainty in the real estate market.
John Allison the former CEO of BBT was one of the banks that was not affected by the financial crisis in 2008. He has no stake in the collapse.
I am happy to explain any of the points. This is an incredible speech to understand 2008 and to give you a better understanding of the current market.
The Big Short dramatically overstates the role bankers had in the financial collapse. The only way banks can make money is by lending it out.
If you have a competitor that can never lose, i.e, the government, it’s a losing game for all included.