The arrival of The Big Short in theaters a few weeks ago, and its subsequent nominations at the 88th Academy Awards, has reignited interest in the causes of the 2008 financial crisis. The film would have you think that private greed on Wall Street and a lack of regulation caused the economic crash. While stories like this might make for a fun movie, The Big Short fails to align with the facts.
Learn more about the 2008 financial crisis in Peter's book "Hidden in Plain Site: What Really Caused the World’s Worst Financial Crisis and Why It Could Happen Again"
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