Deconstructing the Magic Money Tree Episode 9
The Big Short: This week Mike and David delve into the muddy waters of the financial derivative markets. In the murk they find weapons of financial mass destruction and striking similarities between these exotic and complex financial instruments and betting on the 2:30 at Newmarket. They discuss counter-party risk and black swans, bailouts and malice. Join them to consider just how corrupt the financial system really is.