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Agreed. The difference this time is that the gains are socialized this time, not retained in the fraternity of HF, PE, and IB. Which is exactly why Wall Street
by phil_e_delphian 6y ago
Agreed. The difference this time is that the gains are socialized this time, not retained in the fraternity of HF, PE, and IB.
Which is exactly why Wall Street and financial media is denigrating it. They hate that they don't have the edge, or a monopoly on profits in this case.