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2008-11-12 — ml-implode.com
"He follows analyst-turned-investor Steve Eisman, who long knew the structured finance machine on Wall Street was pumping out piles of dogshit securities to sell to investors. What Eisman could never figure out is why Wall Street would put themselves at such risk. The answer was they didn’t think they were at risk. They were selling off most of the toxic securities they manufactured. Or thought they were."
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bdc63 at 23:50 2008-11-12 said:mark my words, someday there will be a movie made out of this story. Permalinkadd a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |