throw474374383

4 ms·

1. 1.▲
   by throw474374383 4y ago

   the bulk of the economic dislocation was caused by well intentioned people making good faith decisions that in hindsight proved very foolish I agree with that. But that comes about because we've arranged our economic activity into mo
2. 2.▲
   by throw474374383 4y ago

   Right so it's the government's fault for encouraging the corporations to do something they didn't really want to do, which inevitably led to the corporations naked inhuman amoral greed running amock.
3. 3.▲
   by throw474374383 4y ago

   I talked to a banker at the time (from BoA I think) and he said these things came about by the banks re-arranging the structure again and again, running it through the risk and credit rating algorithms and then tweaking and retrying until t