• IronBird@lemmy.world
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    2 months ago

    the banks only make money after the crash, when people can’t pay their loans.

    then they have to find baggers for the property they seize, only if they cant flip those in time do they come out ahead

    • aarch0x40@lemmy.world
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      2 months ago

      Investment banks and the primary equity market. They’ve already traded their long positions for shorts

      • Aceticon@lemmy.dbzer0.com
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        2 months ago

        Of course, if that’s like in the last Crash, it relies on the Government saving their counterparties so that they can pay them, like the Obama Administration saved AGI so that Goldman Sachs could make lots of money from the Crash as that company was their main counterparty.