3 ms·

Were people under the belief that financial markets grew on trees or were formed by lithification?

• Hoasi 7y ago
  That's funny. But I was only pointing out that this is akin to markets saying: this game only works as long as we can change the rules. This kind of statement is not conducive to trust. Unfortunately, the whole financial field needs trust to thrive.
  • icebraining 7y ago
    I'd agree if the rules had been changed on the fly, as a response to the current events, but they weren't. The rules were known and they were activated as expected.
    • Hoasi 7y ago
      > The rules were known and they were activated as expected. True, if surprising to me. It's a rule from the onset. I didn't know that.