Re:Wall Street’s Latest Love Affair with Risky Repackaged Debt
by ceejayoz on Wednesday March 20, 2019 @10:04AM
(#19442254)
> mean while, all their existing investments plummets
That's not a huge problem if you can cut expenses and live off the dividend income and your other assets for a few years.
Re:Wall Street’s Latest Love Affair with Risky Repackaged Debt
by robjan on Wednesday March 20, 2019 @09:01AM
(#19441572)
Short selling and hedging mitigate this risk significantly. It's easier to do this if you have money
mean while, all their existing investments plummets. Unless you see them pull out of their investments prior to the crisis, there's very little evidence to support this claim that a financial crisis is good for the wealthy.
If the wealthy has any choice, they would overwhelmingly choose not to have a financial crisis.