alt Hacker NewsFrom the Big Short (movie)
Jared Vennett (narration): "In the years that followed, hundreds of bankers and rating agency's executives went to jail. The SEC was completely overhauled, and Congress had no choice but to break up the big banks and regulate the mortgage and derivatives industries."
"Just kidding. Banks took the money the American people gave them, and they used it to pay themselves huge bonuses, and lobby the Congress to kill big reform. And then they blamed immigrants and poor people, and this time even teachers."
Replies
It's messed up that Grok underwrote all those subprime mortgages in 2008
Serious question .. are you long on cash or what? What investment class is not overvalued? Gold is but a store of value and doesn't really grow - look at how high it has gone.
I really don't know what you're trying to say. From your comment alone the conclusion I drew was that we should spend more on the industries that makes physical instead of financial products, such as SpaceX.
Where's the government bailout in this transaction that would make this a relevant comparison?
I feel like without adding some commentary with these quotes this comment lacks enough info to see how it relates to the linked article.