The price of market manipulation keeps dropping.
This type of corruption is costly for retirees and very lucrative for Wall Street and politicians. Now they want to legalize it as “free speech.”
Investors won’t even know what exactly is in the pool.
They’d piled into the new “risk sharing RMBS bonds” issued by Fannie and Freddie. Wall Street provided 80% leverage. Buying frenzy ensued. But it didn’t last long.
The game has been honed to perfection. Everyone is playing along. And it performs miracles. Or it did. Because just now, it inexplicably conked out.
The same people who almost destroyed the global economy with their financial toxins and who corrupted the basic pricing mechanism of just about every commodity market will be entrusted to determine the price of the water.
Junk bond investors are running for the hills. But there are no hills.
A fascinating phenomenon – one with a potentially dreadful outcome.
It always starts with a toxic mix.
Life is rarely win-win. Unless….