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lastlib

(28,334 posts)
1. The vultures are circling!
Wed Apr 8, 2026, 11:24 AM
16 hrs ago

2008 should've taught us the lesson! It was those "alternative investments" (primarily credit default swaps, which, BTW, are STILL not regulated---THANK you, Phil Gramm, you filthy SOB!) that CAUSED that crash, and sent companies like Merrill Lynch and AIG into bankruptcy, and turned millions of 401(k)s into 201(k)s. Anyone who was facing retirement at that time was ROYALLY screwed! The rest of us took literally years to regain what we lost. And the Wall Street goons got PAID for doing that sh*t! Now they want to do it again. - - - - - -

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