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boz
The Young Turks
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Comments by "boz" (@BOZ_11) on "$44 Trillion In Wall Street Bets" video.
Do you not understand that borrowed money is still money?
2
So they calculated the cost of the CDS's on all these trades and added that to the total of $44T?
1
97%+ of all money is electronic anyway. It's as real (or not) as the money on your credit card.
1
"That's why they have thousands of bankers monitoring the bets" You sound silly. We're still in a recession caused by the financial collapse; by fraud, and especially mortgage fraud
1
It's interesting you say that. You should read the book: Casino Capitalism - Hans-Werner Sinn. Only thing is, with all the insider trades going on, it's less gambling and more fraud with the top institutions
1
The "event" is where you lose your investment. You being any sort of investor.
1