Here we go again...

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Zute
Posts: 162
Joined: Thu Oct 14, 2010 8:50 pm

Here we go again...

Post by Zute » Tue Feb 21, 2012 9:42 am

Different day, same shit. You'd think they'd regulate this stuff so we don't have to bail them out again when the $hit hits the fan.
Some of the same investors who made big profits betting against mortgage bonds before the 2007 housing bust have started snapping up the toxic assets. Hedge fund manager Kyle Bass, who made $500 million when subprime debt cratered, is raising a fund to buy them. He’s joining John Paulson, who made $15 billion in 2007 thanks to the housing bust. Goldman Sachs Group has bought the bonds this year. Remarkably, so has American International Group (AIG) —the insurer that had to be rescued by the U.S. government in 2008 after its wagers on risky mortgages went bad.
http://www.businessweek.com/magazine/wh ... 62012.html
Formerly known as Panamah

AbyssalMage
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Joined: Mon Oct 25, 2010 12:06 am

Re: Here we go again...

Post by AbyssalMage » Tue Feb 21, 2012 9:36 pm

:evil:

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Tudamorf
Posts: 369
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Location: San Francisco

Re: Here we go again...

Post by Tudamorf » Wed Feb 22, 2012 2:53 pm

So let me get this straight, you're complaining that rich investors are buying investments to make money?

AbyssalMage
Posts: 156
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Re: Here we go again...

Post by AbyssalMage » Sun Feb 26, 2012 8:44 pm

Tudamorf wrote:So let me get this straight, you're complaining that rich investors are buying investments to make money?
Yeah, you must of slept through 2000-2008 if you still don't understand.

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Tudamorf
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Location: San Francisco

Re: Here we go again...

Post by Tudamorf » Mon Feb 27, 2012 11:11 am

AbyssalMage wrote:Yeah, you must of slept through 2000-2008 if you still don't understand.
Do you know who Kyle Bass is? Or what he did?

Do you really want to prevent investment?

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