Comments by "Jim my" (@chowsquid) on "How Money Works" channel.

  1. Credit rating could have put a stop to all of this collapse, but there is no liability on a credit rating. It’s an opinion. You can’t jail your grocer if he said the oranges taste great but you think it’s terrible. But folks treated the ratings as gospel
    3
  2. Wrong on timing. There’s a saying in short positions. “The market can be wrong longer than you can stay solvent” If the bubble dragged on longer, m.burry could have been insolvent and have to dissolve his fund with big losses.
    2
  3.  @youreyesarebleeding1368 I think he means by illegal means….such as breaking the law.
    1
  4.  @missp6983 laws….that’s what
    1
  5. TARP made the gov a profit
    1
  6. It’s banks selling insurance on something they have no idea how to insure. Imagine a P&C selling insurance assuming things don’t catch fire or ain’t no such thing as hurricanes 🎶….or pandemics.
    1
  7. Just like winning a huge bet on a football game…are you sure your bookie can pay? Are you sure the mobster casino is just gonna let you walk out with all their money? Winning too much is pretty risky in itself.
    1
  8. Americans buying homes overseas and parking the cash would be your “overseas” buyer in that country.
    1
  9.  @EricDurrant-k5z that’s pretty much most doctors and how doctors become doctors. Unless you have photographic memory.
    1
  10. There’s no law that says that. People were offered sucker adjustable rate mortgages and didn’t know how to use them. Or what it meant. 🤷🏼‍♀️
    1
  11. Insurance is a bet. A bet is insurance. Simple.
    1
  12. Also ABC bank workers in Florida. Bloomberg wrote a whole article on it. No movie though.
    1
  13. Sorta like wolf of wall street
    1
  14. 700mil for his investors
    1