• hexaflexagonbear [he/him]
    hexagon
    ·
    3 years ago

    Yeah this is definitely just fear mongering. The hedge fund that went under did so with like a $10 billion loss or something, just seems like way too small or a fish for the ripples to cripple the financial system. I more find it funny that on the off chance that this does happen it's, yet again, the irresponsibility of having these risky financial instruments.

    • EatTheLibsToo [comrade/them]
      ·
      edit-2
      3 years ago

      Yeah man it's insane isn't it, and they keep on making more of them while wanking off over their genius. Banks creating debt by borrowing from future economic growth was an absolute death sentence for the global economy but they all just keep on patting themselves on the back at how smart it all is, and will be patting away right up until it all implodes