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> I'm not worried about vast amounts of people no longer paying their electric bill No one was worried about vast amounts of people no longer paying their subp
by semi-extrinsic 10y ago
> I'm not worried about vast amounts of people no longer paying their electric bill
No one was worried about vast amounts of people no longer paying their subprime mortgages either. Not saying your investment strategy is wrong, but "predictions are difficult, especially about the future".
- toomuchtodo 10y agoSignificant difference between "triple A" sausage CDOs stuffed with subprime junk and Solar City obligations.
- Bartweiss 10y agoAmong other differences, instruments tend to be a bit better priced when you're not lying about what's in them!