4 ms·

It's pretty nice that you know enough about banking to provide us with an explanation of the financial crisis, yet you think a derivatives exchange is a "bank"

It's pretty nice that you know enough about banking to provide us with an explanation of the financial crisis, yet you think a derivatives exchange is a "bank" and that the crisis somehow put us in danger. 30 seconds on Google Finance would have shown our balance sheet is rock solid and our operating margin is about the same as it was before. I wouldn't call myself an expert, either. I don't think what I'm saying is obscure or expert knowledge--just paying attention to the facts. I'm getting tired of responding to so many attacks, so I'm going to leave this in a DH5 on the PG disagree-o-meter.

jbooth 17y ago
Your assertion that the housing bubble was quote "government fuelled" is not obscure or expert knowledge -- and it's certainly not a fact, it's an opinion propagated primarily by those with material or ideological incentive to blame the crisis on quote "government". A systemwide financial meltdown of the sort that we avoided would most likely have put your employer in danger. I don't know your business well enough to say for sure, but I think most people would agree that it's a reasonable assumption.