Re:Ireland jails three top bankers over 2008 banking meltdown
by cheiVia0 on Sunday July 31, 2016 @10:52AM
(#12197195)
> Did you make a ton of money betting against the housing market? If not, why not? Or if you were too young/poor, then do you know anyone who did?
Considering there was no product to bet against the housing market, your options are:
(1) Be a hedge fund manager of a large enough hedge fund to enter a custom derivative contract with a bank, to create the product (which is what those funds that made a ton of money betting against the housing market did)
(2) Have a few million for the minimum to investment in one the said hedge funds
So I'd say the answer for most people is "were too poor".
Considering there was no product to bet against the housing market, your options are:
(1) Be a hedge fund manager of a large enough hedge fund to enter a custom derivative contract with a bank, to create the product (which is what those funds that made a ton of money betting against the housing market did)
(2) Have a few million for the minimum to investment in one the said hedge funds
So I'd say the answer for most people is "were too poor".