I'm not sure you can tie Melvin capital to the 2008 financial crisis, but you sure can tie Obama, Barney Frank and other corrupt democrats to this crisis. They refused to audit Freddie Mac and they were the ones with the bright idea to force lenders to relax their credit standards so that any grifter could get a house loan.
Couple that with greedy lenders and brokers, and then bankers who packaged toxic loans in with regular loans and you had a debt bubble ripe for bursting. The big short movie went into this a bit.
There may have been different players but what I was getting at was that it's the same corrupt game. Elites think they can walk all over us again on a mistake they made without consequences. Not this time!!!
Hits me in the gut! I am sure there are many other stories like this.
https://old.reddit.com/r/wallstreetbets/comments/l6omry/an_open_letter_to_melvin_capital_cnbc_boomers_and/
There are THOUSANDS on this one post alone and they are PISSED!!!!
I'm not sure you can tie Melvin capital to the 2008 financial crisis, but you sure can tie Obama, Barney Frank and other corrupt democrats to this crisis. They refused to audit Freddie Mac and they were the ones with the bright idea to force lenders to relax their credit standards so that any grifter could get a house loan.
Couple that with greedy lenders and brokers, and then bankers who packaged toxic loans in with regular loans and you had a debt bubble ripe for bursting. The big short movie went into this a bit.
There may have been different players but what I was getting at was that it's the same corrupt game. Elites think they can walk all over us again on a mistake they made without consequences. Not this time!!!