Re:Agile's early evangelists wouldn't mind watching Agile die
by jevgeni on Saturday April 25, 2020 @05:48AM
(#22976963)
Sub prime loans are the only thing out of that list where the public was scammed. Everything else you listed are internal banking things.
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Re:Agile's early evangelists wouldn't mind watching Agile die
by drapred7 on Monday April 27, 2020 @03:40PM
(#22999190)
The public absolutlely paid the price in the form of bailouts. If those banks had been allowed to fail I would agree with you, but they knew they'd probably be bailed out from the beginning and used CDOs to ensure it.
QE is a direct transfer of wealth from dollar holders to investors and banks. No way around that.
Re:Agile's early evangelists wouldn't mind watching Agile die
by closeparen on Monday April 27, 2020 @10:03PM
(#23002568)
The bailouts were loans and equity stakes which got paid back, not grants.
Re:Agile's early evangelists wouldn't mind watching Agile die
by drapred7 on Monday May 04, 2020 @03:57AM
(#23065553)
https://en.m.wikipedia.org/wiki/Martingale_(betting_system)
Gambling with unlimited amounts of other people's money is going to be profitable.
https://www.rollingstone.com/politics/politics-features/2008...