@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).
@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.
@lnclincoln sorry i forgot abou them
TheDEATHSTARIII 4 weeks ago
@TheDEATHSTARIII FEDERAL RESERVEE!!
lnclincoln 4 weeks ago
the FBI can bail companies out?
TheDEATHSTARIII 1 month ago
That's why the government ought not be involved in the market.
classiclibertarian 1 month ago
Shia Labeouf is the epitome of stupid.
DaTroof93 2 months ago
I'm Small Time Compared To These Crooks.
The7legacy 2 months ago
Hey did somebody hit reset.
touros69 3 months ago
Even evil has standards.
JustPhilNY 3 months ago
@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).
TagRation 3 months ago 2
@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.
540LyNX 3 months ago