These folks don't know what they're talking about. If losses go to ten percent there will be, like, a million homeless people. {Losses in the pools Hubler's group had bet on would eventually reach 40 percent.}
In "The Big Short," author Michael Lewis discusses the consequences of financial losses in investment pools, emphasizing the far-reaching effects such losses can have on society. He quotes a comment asserting that a mere 10 percent loss could result in a million people becoming homeless. This statement highlights the potential severity of financial downturns, especially for those who are already vulnerable.
Lewis further elaborates that the reality was even graver than...
