ZILtoid1991@lemmy.world to 196@lemmy.blahaj.zoneEnglish · 4 months agoEvil Rullest Gumplemmy.worldimagemessage-square3linkfedilinkarrow-up16arrow-down10
arrow-up16arrow-down1imageEvil Rullest Gumplemmy.worldZILtoid1991@lemmy.world to 196@lemmy.blahaj.zoneEnglish · 4 months agomessage-square3linkfedilink
minus-squareParagone@lemmy.worldlinkfedilinkEnglisharrow-up0·4 months agoThat fund which imploded, because it was too-highly-leveraged… it wouldn’t have mattered which investor pulled-out from it, to that degree: it was, at that degree of leverage, essentially a pyramid-scheme. Blame belongs on both sides, of that one, I think… _ /\ _
minus-squareMirshe@lemmy.worldlinkfedilinkEnglisharrow-up1·3 months agoYeah, The Big Short covers this pretty well too. It was a Jenga tower and all it was gonna take was one person pulling one more block.
minus-squareJakenVeina@midwest.sociallinkfedilinkEnglisharrow-up1·4 months agoMakes the Forest Gump analogy even more appriopriate. If it was him, it’s not that he was responsible for the collapse, just that he was coincidentally at the center of it, and a trigger for it.
That fund which imploded, because it was too-highly-leveraged…
it wouldn’t have mattered which investor pulled-out from it, to that degree: it was, at that degree of leverage, essentially a pyramid-scheme.
Blame belongs on both sides, of that one, I think…
_ /\ _
Yeah, The Big Short covers this pretty well too. It was a Jenga tower and all it was gonna take was one person pulling one more block.
Makes the Forest Gump analogy even more appriopriate. If it was him, it’s not that he was responsible for the collapse, just that he was coincidentally at the center of it, and a trigger for it.