3 ms·
its funny because in 2008 we gave the bankers 2 trillion dollars to save their industry. regardless of my personal opinions on nuclear it is just a bit too iron
by doubloon 3y ago
its funny because in 2008 we gave the bankers 2 trillion dollars to save their industry. regardless of my personal opinions on nuclear it is just a bit too ironic the way this article is worded.
maybe we could package up nuclear power into bonds, sell them to people making minimum wage, then bundle those bonds into collateralized debt obligations, then create credit default swaps against different tranches of those CDOs, then we could bundle credit default swaps into a new security and call it a Synthetic CDO, then we could make Synthetic CDOs out of other Synthetic CDOs, then we could bring back Alan Greenspans ghost through an AI machine and he could get on stage at Davos and say there is no bubble in nuclear bonds and there is no such thing as fraud. Then the banks could sell these securities to pension funds of school teachers and firefighters as 100% safe investments, take huge fees, then also buy credit default swaps against these same securitie. Then the banks CEOs could all get 500 million dollar severance package. Do you think the bankers would go for that?
- voisin 3y agoYes, I believe the bankers would go for that. This is, unfortunately, the most practical solution.