by John Rubino
Dollar Collapse
Of all the amazing scenes in The Big Short, a film about the genesis of the Great Recession, arguably the most shocking is the meeting between a couple of hedge fund managers trying to understand the housing bubble and “Georgia,” a (in a bit of symbolic overkill) visually-impaired executive with the Standard & Poor’s bond rating agency.
Beginning at the 2:15 mark in the following video clip, the money managers demand to know why she’s handing out AAA ratings to clearly high-risk mortgage backed paper. To which she responds,