I watched The Big Short (pretty good movie). Talks about the 2008 crash. The treasury managed to bail out big banks but wasn't able to help Lehman Brothers. This is why we keep everything on the books. So we know how screwed we are and don't allow thousands or millions to go bankrupted. Buying CDS was a genius idea for several individuals but did they buy from Lehman Brothers? I have yet to find out.
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