Gordon Gekko speaks the truth about the bailout.

[TheDEATHSTARIII]

the FBI can bail companies out?

[lnclincoln]

@TheDEATHSTARIII FEDERAL RESERVEE!!

[TheDEATHSTARIII]

@lnclincoln sorry i forgot abou them

[classiclibertarian]

That's why the government ought not be involved in the market.

[DaTroof93]

Shia Labeouf is the epitome of stupid.

[The7legacy]

I'm Small Time Compared To These Crooks.

[touros69]

Hey did somebody hit reset.

[JustPhilNY]

Even evil has standards.

[zw0ecool]

can you explain what he means by all this? what exactly were the corporations doing that was illegal??? what was the fantasy he talks about?

[540LyNX]

@zw0ecool I think the fantasy was the market condition where so many instruments were backed by debt (which nets potentially higher return), and people expected this to be sustainable. Bretton Jame's firm were trading instruments that inadverdently helped push the collapse of the market but were also hedging on the side. This means they knew of the impending crisis and were therefore involved in insider trading which is illegal.

[TagRation]

@zw0ecool The investment banks were selling derivatives (sub-prime mortgages for example) while simultaneously betting against them because they knew the bubble would burst. When the did market collapse, they even got the Fed to bail out the sub-prime mortgages they were touting in public. So they basically profited on all their "investment" practices through the use of unfair practices (which is highly immoral and is illegal).