{"ok":true,"trend":{"id":346881,"platform":"mastodon","region":"global","key":"1/3) remember when european banks helped turn bad us subprime mortgages into a global catastrophe by underwriting, packa","title":"1/3) Remember when European banks helped turn bad US subprime mortgages into a global catastrophe by underwriting, packa","url":"https://mastodon.social/@vurk/117353497827190275","first_seen":"2026-09-29T10:24:49.342382Z","last_seen":"2026-09-29T10:24:49.342382Z","last_rank":9,"peak_rank":5,"last_volume":2,"peak_volume":2,"seen_count":1,"score":0.8565625,"category_hint":"eu_politics","section":"world","category":"eu_politics","summary":"European banks are being criticised for their role in the 2008 financial crisis, when they underwrote, packaged and resold securities built on US subprime mortgages while taking on heavy leverage, then required public rescue when the losses hit. Commenters are drawing parallels between that episode and current financial risk-taking, arguing the 'too big to fail' problem was never resolved.","why":"Concerns about bank leverage and repeated bailouts are prompting comparisons with the run-up to the 2008 crisis.","tone":"negative","entities":["European banks","2008 financial crisis","US subprime mortgage market"],"summarized_at":"2026-09-29T10:25:57.840271Z","meta":{"tag":"europe","via":"scan","kind":"status","lang":"en","instance":"mastodon.social","tag_uses":300},"nw":null,"promo":null,"kind":null,"importance":null,"hidden":false,"hide_reason":null,"judged_at":null,"title_en":"European banks' role in the 2008 financial crisis revisited","section_name":"World","category_name":"EU Politics","timeline":[{"captured_at":"2026-09-29T10:24:49.342382Z","rank":5,"volume":2},{"captured_at":"2026-09-29T10:24:49.342382Z","rank":9,"volume":2}],"posts":[{"platform":"mastodon","url":"https://mastodon.social/@vurk/117353497827190275","author":"vurk","title":null,"snippet":"1/3) Remember when European banks helped turn bad US subprime mortgages into a global catastrophe by underwriting, packaging, buying, and reselling mountains of supposedly safe debt while loading themselves with leverage - then, when it blew up, declared themselves “too big to…","posted_at":"2026-09-29T08:57:49.094000Z","likes":2}],"elsewhere":[],"window":"7d"}}