The incentive to collapse the system comes when betting against defaults becomes more profitable than keeping borrowers current.
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The incentive to collapse the system comes when betting against defaults becomes more profitable than keeping borrowers current.
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"And these became very risky loans. Okay? And this led, of course, to 2008 when the entire thing collapsed. Okay? All right. So, the..."
"You understand what happened? Okay? So, think about this. Okay. I lend $1 million to Amber. Okay? And everyone, $10,000. But then, suddenly, you..."
"Now, what I do, now I make you default because now I can make a million dollars from Vincent. And that's how it worked,..."
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