Thoughts from a lowly peasant trying to wrap my head around this: So basically there are 2 scams one scam is manipulation by what seems to be like a type of Ponzi scheme. Their downfall is investors not wanting to cash out to keep the scheme going? And two, you have cronies in the gov. So when the house of cards comes crashing down rather than being exposed for the deceitful practices you are rewarded with tax bailouts. So you win Twice. And it seems that they are playing both the stock and bond market this way. And just like everything else that has been exposed the government is complicit and heavily involved in the scam. You would also think that there would be a cap on what you would be able to “hawk” in the repo market. And it appears they are being allowed to hawk I.O.U’s in that repo exchange. Is this anywhere close to an accurate take on this?
Thoughts from a lowly peasant trying to wrap my head around this: So basically there are 2 scams one scam is manipulation by what seems to be like a type of Ponzi scheme. Their downfall is investors not wanting to cash out to keep the scheme going? And two, you have cronies in the gov. So when the house of cards comes crashing down rather than being exposed for the deceitful practices you are rewarded with tax bailouts. So you win Twice. And it seems that they are playing both the stock and bond market this way. And just like everything else that has been exposed the government is complicit and heavily involved in the scam. You would also think that there would be a cap on what you would be able to “hawk” in the repo market. And it appears they are being allowed to hawk I.O.U’s in that repo exchange. Is this anywhere close to an accurate take on this?