This reminds me of the bailout scene in “The Big Short”. The last guy holding onto housing shorts is confused by why foreclosures are up and the value of what he’s holding is going up. Then the reports say the hedge funds are going into the White House for a bailout. He cries, “they knew, they knew they’d be bailed out, that’s why ...”
These financial institutions are like cars with powerful engines but don’t have any brakes.
There’s no punishment or responsibility for failure, but all the winnings they get to pocket.
I’d like to go to Vegas on a deal like that.
...and I’ve been in Finance for almost 30 years. This shit surprises me every day, it just gets more corrupt each passing day.