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		gradys on Dec 9, 2020 \| parent \| context \| favorite \| on: Elon Musk moves to Texas If you mean 2008, yeah, you're right, but those were mostly loans to relatively low income people buying homes, not loans against billionaires' unrealized capital gains.

sidlls on Dec 9, 2020 [–]

Those were mostly covering obligations in the huge CDS market that grew up around bad loans, not the loans themselves.

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