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Reminiscent of the 2007 BNP Paribas suspensions that were some of the first indications of systemic failure: http://www.nytimes.com/2007/08/09/business/worldbu

Reminiscent of the 2007 BNP Paribas suspensions that were some of the first indications of systemic failure: http://www.nytimes.com/2007/08/09/business/worldbusiness/09iht-09bnp.7054054.html http://www.nytimes.com/2007/08/09/business/worldbusiness/09i... We are due for another credit heart attack. Private debt is too large (see Steve Keen's work) and there is no stomach for fixing it. Most economists don't recognize that that's the problem.

tosseraccount 10y ago
"The Big Short" Scion Fund managers restricted withdrawals, too. [ http://www.nytimes.com/2007/03/09/business/09insider.html http://www.nytimes.com/2007/03/09/business/09insider.html ] Either way, chaos created opportunity and Scion investors might feel lucky that they were locked in the castle. The subprime mortgage market finally imploded causing the Great Recession. If you are confident of credit crisis, perhaps you can do your own shorting.
- carsongross 10y ago
  I'm fairly confident of one but, of course, timing is difficult and carry costs of short positions are high (they nearly killed Scion) so I prefer to simply wait out the market.