Re:The dangerous myth still believed about the Lehman Brothe...
by DubiousPusher on Friday October 05, 2018 @03:33AM
(#18146378)
I'm saying it doesn't matter either way.
To me it doesn't matter who built or lit the fuse. The piles of interconnecting ordinance were the derivatives. Any asset in a bubble that had decent exposure in a derivatives market could've triggered the disaster. The layers of deals too complex for anyone to understand that entwined many major financial firms are what made the Great Recession "Great".
To me it doesn't matter who built or lit the fuse. The piles of interconnecting ordinance were the derivatives. Any asset in a bubble that had decent exposure in a derivatives market could've triggered the disaster. The layers of deals too complex for anyone to understand that entwined many major financial firms are what made the Great Recession "Great".