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Hollywood Glorifies Bankers, Ignores Unsung Whistleblowers

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission.

Bill Black reviews the highlights and holes of the film The Big Short in 2 parts on The Real News.

“Any request for loan level tapes is TOTALLY UNREASONABLE!!! Most investors don’t have it and can’t provide it. [W]e MUST produce a credit estimate. It is your responsibility to provide those credit estimates and your responsibility to devise some method for doing so.” [S&P 2001] [emphasis in original]

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