They didn't say that they have a Pavlovian response to the phrase "mortgage securities", trained only on surface-level knowledge of a Ryan Gosling film.
They were simply reminded of the scene from The Big Short with the stripper talking about all the properties she has loans for.
(I'm reading the original comment a couple times and I'm wondering if I'm being trolled.)
Mortgages frequently get bundled up and sold as securities. That's just how it works. Blackrock is one institutional buyer. A mortgage is someone's liability and another's security.
Nothing about "mortgage securities" implies poor lending practices or overleveraging.
And that's where I see the "bad faith" in the conversation.
Why make a jump from "You are reminded of this scene" to "You don't understand how the system works"?
Even if we assume that one follows from the other (it doesn't, that's more than disingenuous) - than the way this was phrased is unnecessarily combative, aggressive and derogatory.
one of the largest Federal criminal prosecutions of nonprofits in US history was after the 1980s Savings and Loan scandal.. where some "bankers" colluded to drain national mortgage insurance assets (a social program setup to enable first time home purchases, and other stabilizing programs, across the US). Anecdotal evidence suggests substantial amounts of collusion occurred during a particular Playboy-sponsored golf series !
Anybody else reminded of the scene from The Big Short with the stripper talking about all the properties she has loans for?