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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

THE TRUTH ABOUT: Remember the global financial crisis well high risk securities are back - Caught on Camera

A view of the Bank of England and the financial district, in London, September 23, 2024
The Bank of England is in the midst of compiling the results of its first-ever stress test involving the shadow banking sector. Photograph: Mina Kim/Reuters

When Margot Robbie made a surprise cameo in the 2015 film adaptation of Michael Lewis’s book The Big Short, she did more to educate the general population about the risks of securitisation than most financial experts.

The Australian actor’s brief monologue, notoriously delivered from a champagne bubble bath, explained how banks were bundling up their growing cache of risky sub-prime mortgages into investable bonds, before slicing them up and selling them off for profit.

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