Understanding The Big Issue
The three films Margin Call, Inside Job and The Big Short describe perfectly the scenarios around the 2008 Collapse.
Mortgage backed securities not being of true value.
Inside Job trailor:
What happens if 80% of the UK mortgages have been cleared by the banks through incorrectly short cutting the process of securitisation and omitting to correctly update Land Registry legal charges and pay HMRC taxes:
You pay the tax when you:
buy a freehold property
buy a new or existing leasehold
buy a property through a shared ownership scheme
are transferred land or property in exchange for payment, eg you take on a mortgage or buy a share in a house