Guardian names names. Barney Frank, former CEOs of Fannie and Freddie strangely absent.
Soros among those who “saw it coming” (and shorted the market). Peter Schiff not.
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Wow, they only had Bush in there once.
“Soros among those who “saw it coming†(and shorted the market).”
Soros and his offshore hedge fund buddies were shorting the market all right, but not because they saw it coming…
They wanted to push the strained equity market past it’s tipping point, hoping the ensuing panic selling would drive it waaaaaay down. All to make it sooooo much easier to impute the financial crash to the failed policies of the eeeeeevil Chimperor BusHitlerBurton! and his Corrupt! RethigliKKKan! cohorts…
I mean, it was the best way to, ahem, influence the election to favor his candidate…
Kinda like the way he influenced the Bank of England earlier in his career…
I wish I knew Soros’s next bold move. I could use some extra cheese.
That’s what I like about you, thor.
When you short the market, that tells other people you think that’s going to happen.
It is, in other words, a warning, not a cause.