The shocking aftermath of the 2008 crash

[integral]

"The global derivatives market has exploded from $60 trillion in 2008 to over $600 trillion today—six times the entire world economy—with most exposure concentrated in just four major banks using extreme leverage. When this system inevitably fails due to triggers like interest rate volatility, commercial real estate defaults, or sovereign debt crises, there won't be enough money or political will to bail it out like in 2008, meaning a cascade of bank failures could freeze the global financial system within days with no viable" -ai Summary

 

Basically what caused the 2008 crash no one learned from it and in fact, they doubled down, and now the derivative markets are 10 times larger than they were before. LMAO

Edited Saturday at 01:19 AM by integral