In the autumn of 1998, a hedge fund called Long-Term Capital Management lost roughly $4.6 billion in about four months and had to be unwound by a consortium of banks assembled at the Federal Reserve's request, for fear its collapse would take the rest of Wall Street down with it. The fund's principals included two … Continue reading The Difference Between Being Tested and Being Watched
Tag: financial markets
Scam World
"Despite growing out of the 2008 financial crisis, Bitcoin has led to the creation of a faster, leaner and crueler crisis of its own, an unregulated hellscape where the elites have found yet another way to get rich off of the backs of regular people’s money. Whatever “noble” goals Bitcoin and cryptocurrency allegedly has or … Continue reading Scam World
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