What is the global pool of money what happened to its size between the mid 1990s and mid 2000s?

BLUMBERG: But right before our story starts, something happened to that global pool of money; it got a lot bigger. In fact, it doubled between 2000 and 2006. In other words, several centuries to get to about 35 trillion, and then over the course of six years, it got another 35 trillion.

How big is the global pool of money?

$70 trillion
It’s a huge monthly stream of money, which is expected to come in for the next 30 years, the life of a mortgage. And he then sells shares of that monthly income to investors. Those shares are called mortgage-backed securities. And the $70 trillion global pool of money loved them.

When did the 2008 crash start?

2007
Financial crisis of 2007–2008/Start dates

What is the pool of money?

A pool of people, money, or things is a quantity or number of them that is available for an organization or group to use. If a group of people or organizations pool their money, knowledge, or equipment, they share it or put it together so that it can be used for a particular purpose.

Why were homeowners willing to take out mortgages that they could not afford?

However, it is true that many subprime borrowers willfully took on mortgages that they would probably not be able to pay off because they knew that if they were ever unable to make their mortgage payments, they would be able to sell their house for a profit in the growing housing market.

Who created Ninja loans?

Charles R. Morris
No income, no job, no assets (“NINJA”) The term was popularized by Charles R. Morris in his 2008 book The Two Trillion Dollar Meltdown, though the acronym had been publicly used by some subprime mortgage lenders for some years.

Is MBS a bond?

Mortgage-backed securities, called MBS, are bonds secured by home and other real estate loans. They are created when a number of these loans, usually with similar characteristics, are pooled together.

Are money pools legal?

Real-money pools, even just between friends, with no one taking a cut, are “generally illegal in 37 of 50 states,” according to a 2018 legal analysis commissioned by the American Gaming Association.

What’s the pool on me up to meaning?

So, the pool is probably refering to betting (during the NCAA College Basketball Playoffs a lot of people fill out brackets and put money in to a pool with other people and the one with the most accurate bracket wins the money).