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To: Citizen Zed

I’d rather know who caused the 2008 crash just before the 2008 election.
I remember a staff meeting where we discussed the destruction of AIG.
The safest investment in Intel’s 401k plan


11 posted on 04/21/2015 3:22:25 PM PDT by Zathras
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To: Zathras

I’m surprised the crash didn’t happen sooner. Hedge funds had been using credit default swaps to bet against the very mortgages they had funded. They were gaming the system and their payoff came when the market crashed.


12 posted on 04/21/2015 4:13:23 PM PDT by Pelham (The refusal to deport is defacto amnesty)
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