I knew the story before the movie, but the movie was accurate. Phil: Do you believe the government set up the CDOs or invented the liar loan? Or maybe it was poor people. You think maybe janitors working late at night would create the CDos at Goldman Sachs, then have janitors working at Standard & Poors rate them AAA, then sell them to janitors working for pension funds, all while rich folks who ran the businesses remained oblivious?
Last edited: Jan 20, 2016