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SpongebobFinance on Instagram: "The idea of repackaging “burrito loans”—small installment loans for food delivery—into AAA-rated bonds echoes the risky financial practices behind the 2008 crisis. Similar to how subprime mortgages were bundled and sold as seemingly safe mortgage-backed securities, these consumer loans are pooled and sliced into securities marketed as low-risk investments. The problem is that many borrowers may not afford to repay these loans, potentially leading to widespread def
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