“An entire market based on a lie” is SOP at this point.
“’An entire market based on a lie’ is SOP at this point”
At least when you sifted through all the paperwork, all the credit-swaps, leverages, mortgages, and so forth, there was actually something at the bottom of it: namely, actual physical houses. What’s at the bottom of this? The right to burn carbon. Trillions of dollars will exchange hands for the right to do what we can do now for free.