Explaining Derivatives to Michael Moore: The Powell Perspective
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this is a really..really..really..really fucked up metaphor of how derivitives work...you're really comparing...wall street...with people getting trashed at a bar..wracking up a tab and saying .fuck it i'm not going to that bar lulz. good stuff
MagicCryo 6 months ago
Brilliant analogy. But it doesn't really explain what a derivative is.
composerdoh 6 months ago
oh my god, what a grinning psychopath! :o.
bbwoolfy 7 months ago
666 views GAHAHAHAHAHAHAHHAHAHHAAH WOOOOOOHAHHAHAHAHAHAHA HEEYEYYEHHAYYAHAAHAHOHOOHOHOHOHOHOHOHOHHOHOHOHOHHO AHAHAHAHAHAHAHAHAHAHAH HOOOOOOOOHOHOHOHOHOOHOHHOOHOHO
yoson25 1 year ago
That's good. I like that you pointed out how banks were rating some derivatives AAA when they didn't actually know what the f**k they were dealing with.
Also, if you take a look at even a bigger picture than the financial system itself, is it sustainable with the amount of fear and greed we have going on? Maybe it needs to fail to get a new, better system. We can certainly be thinking about it, once it fails :)
Spravvl 2 years ago