Hertz, the original meme stock, is turning out to be worthless

Re:Hertz, the original meme stock, is turning out to be wort... by pessimizer on Tuesday March 09, 2021 @06:52PM (#26406067)

Modern finance is a process of constantly repackaging and reselling risk from people in a better position to evaluate that risk to people in a worse position to evaluate that risk. Finally, after a dozen generations when it arrives at the people least able to evaluate the risk, it crashes to zero, followed by sympathy to the poor suckers (like your local school district) and a bailout.

Hertz just cut out the middle men here and sold directly to suckers, maybe a lot of their executives were also creditors.

Can I interest you in an Iraqi Dinar?

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Re:Hertz, the original meme stock, is turning out to be wort... by HPsquared on Wednesday March 10, 2021 @07:17AM (#26410447)

I'll pass on the dinars, unless they are somehow collectible.

May I interest you in some Aaa-rated subprime mortgage backed securities? How about some negative -yield bonds?

Institutions can have conflicts of interest, which individual investors can make up their own mind on. (Whether that's a winning strategy is another question, I admit)

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