How did it all start ?
Michael Lewis, US non-fictional top seller, investigates on the stemming of subprime crisis. "Only a few dozens of investors saw what was happening on the subprime market in 2006, out of several tens of thousans of investors (...) It's less about WHAT they saw than almost... HOW they saw it...
yarn : fil
compound : enceinte
mass delusion : illusion de masse
there is sth amiss : il y a quelque chose qui cloche
pool : fonds (commun)
to bundle sth into : mettre en paquet
manpower : effectifs
negatif amortizing invest only loans
to delude oneself : se leurrer
incentivised : motivated
to gear sth toward : orienter qque chose vers
to hum : fredonner, bourdonner, vrombir
dread : épouvante, effroi
to play for a patsy : pigeon
lowly sought to exploit : bassement chercher à exploiter
handmaid : suivante, domestique
hazard : danger, risque
looming : imminent
rubble : décombres
yarn : fil
compound : enceinte
mass delusion : illusion de masse
there is sth amiss : il y a quelque chose qui cloche
pool : fonds (commun)
to bundle sth into : mettre en paquet
manpower : effectifs
negatif amortizing invest only loans
to delude oneself : se leurrer
incentivised : motivated
to gear sth toward : orienter qque chose vers
to hum : fredonner, bourdonner, vrombir
dread : épouvante, effroi
to play for a patsy : pigeon
lowly sought to exploit : bassement chercher à exploiter
handmaid : suivante, domestique
hazard : danger, risque
looming : imminent
rubble : décombres
... and 1 guy who read the prospectuses of subprime mortgage pools in 2006 guessed wall street would invent CDS. this trader made over $700 million during the crisis...
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