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A comment on Woman makes $420k by buying insurance on flights she predicted would get delayed. Parent comment

Re:Woman makes $420k by buying insurance on flights she pred... by DubiousPusher on Monday June 15, 2020 @12:06PM (#23528893)
Yeah. Isn't this almost literally what Goldman did during the financial crisis. Seems like what is counts as a financial crime or fraud has a lot to do with how much purchase you have with your respective countries powerful and wealthy.
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Re:Woman makes $420k by buying insurance on flights she pred... by pgwhalen on Monday June 15, 2020 @01:32PM (#23530233)
In what sense did Goldman Sachs do something similar during the crisis?
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Re:Woman makes $420k by buying insurance on flights she pred... by DubiousPusher on Monday June 15, 2020 @01:58PM (#23530644)
Trading derivatives which are essentially a form of insurance on assets they had plenty of inside dope to know where rotten.
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