Of course most gamblers in 2008 didn't get bailed out, they got margined out. Only the people who actually created the entire financial disaster got bailed out.
And now everyone is betting it will happen again.
Because they believe in the "system".
And I am saying, that's a bad bet this time.
This time around someone with deep pockets agrees with me. If 2008 is any guide, it's Wall Street themselves buying this protection. Just as they did in late 2008 flipping from the Big Long, to the Big Short, using credit default swaps, just in time for subprime meltdown.
Betting their own muppet clients are about to get wiped out by fraud and criminality.
Is this a great fucking system, or what?
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