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That was not caused by trading. It was caused by irresponsible lending and deceptive securitisation of that debt. Trading can bring down a bank (e.g.Barings) b
by graemep 2mo ago
That was not caused by trading. It was caused by irresponsible lending and deceptive securitisation of that debt.
Trading can bring down a bank (e.g.Barings) but is not a big systemic risk.
- wyre 2mo agoIs lending not a trade? Two parties exchange money for terms of repayment/debt.
- linkregister 2mo agoThe trading occurring on the Bloomberg terminal is of bonds, equities, and commodities.
- wyre 2mo agoSure, this subthread was about finance people in general, the big short in 2008, and other government-funded bailouts.
- graemep 2mo agoIf you look at ancestors there are repeated references to trades and trading, not to finance or banking.
- globular-toast 2mo agoUnless you're trading physical goods for other physical goods, ie. bartering, then it's finance.