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> How does this happen again 15 years later? It didn't stop. Lehmans were thrown under the bus and business continued like there's no tomorrow with more and mo
by hericium 4y ago
> How does this happen again 15 years later?
It didn't stop. Lehmans were thrown under the bus and business continued like there's no tomorrow with more and more financial instruments created and investment bankers putting their clients money in crap positions.
> I don't get it. Crashing over and over doesn't seem good for anyone.
There's money to be made on crashes, too. And if someone got rich before, they can patiently wait. There'll be money to be made before next crash, too. I doubt the pattern bothers them. Have you heared how Buffet assigns blame[1]?
[1] https://www.youtube.com/watch?v=k2VSSNECLTQ https://www.youtube.com/watch?v=k2VSSNECLTQ