2 ms·
It's all connected. Any little hiccup can trigger a chain reaction of margin calls, or worse. Remember the CDO debacle from 2008. When Goldman, JP Morgan, et
by chaganated 6y ago
It's all connected. Any little hiccup can trigger a chain reaction of margin calls, or worse. Remember the CDO debacle from 2008.
When Goldman, JP Morgan, et al finally take the hit, we all know that DC will rush to their aid. It has happened before, and it will happen again.
Nobody is buying these worn-out wall street apologetics.