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hughee99

(16,113 posts)

14. They probably won't even know until after it happens.

Reply to ND-Dem (Reply #12)

Thu Mar 5, 2015, 02:16 AM

Mar 2015

Wall street knows how to hide it's shit well, and many everyday investors didn't realize their exposure to the housing collapse (for example) until after they looked at their statements. In 2008, I had a friend say to me something along the lines of, "I don't understand what happened, I don't invest in high risk mortgages, just mutual funds".

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Record 2,089 billionaires in world hold $6.7 trillion [View all] ND-Dem Mar 2015 OP

Good, when the derivatives casino collapses, they'll have just enough to cover it. Warpy Mar 2015 #1

If history shows us anything, it is that when the music stops hughee99 Mar 2015 #8

that's the horrible thing, since those left with the bag won't know it till the last minute... ND-Dem Mar 2015 #12

They probably won't even know until after it happens. hughee99 Mar 2015 #14

That's... Bigmack Mar 2015 #2

And they worked so hard for it! n2doc Mar 2015 #3

key word: "supposedly". ND-Dem Mar 2015 #4

And what would you say he is worth? n/t n2doc Mar 2015 #5

I have no idea and neither does the person who came up with this 'factoid'. ND-Dem Mar 2015 #6

Nice dodge n2doc Mar 2015 #7

right. because i don't pretend to know things i have no way of knowing, i'm dodging your dumb ND-Dem Mar 2015 #9

Wealth hoarders. Initech Mar 2015 #10

I wish they were "free range" wealth hoarders... Bigmack Mar 2015 #11

1 million dollars in 100 dollar bills weighs 22 pounds olddots Mar 2015 #13

I read that the difference between the top .01% and the top 1% is even greater than pampango Mar 2015 #15