profit and bonuses were the objects of the maths wizards and their salesmen but no-one connected the Archived Message
Posted by CJ on September 1, 2019, 2:51 am, in reply to "The front of course but who designed the "instruments"?"
dots at the top and risk was only supposed to rest with the guys who held the parcel when the music stopped! Of course subprime mixtures should never have been given A rated status , this was where the main US fraud occurred which led to the GFC. Few knew of the size of the global exposure. But only a handful of people in the world saw this coming- governments were last in line to be informed after the event. Of course the position today is 100 times worse and everyone knows it except the man inthe street who will suffer most when it hits the fan again. cheers
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