How did the CEO ascertain that the "music/party has stopped" and there's only absolute silence remaining, as if he knew what was going on in the market, when equation breach had only been discovered by an analyst a couple of hours before he said that? Can it be believed that the CEO could be so on top of what's happening on such short notice?
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wow that was a very satisfying response, thanks. i have an easier time "accepting" how it plays out, after reading it. i suppose he had already had his experts/right hand men, within and outside of that conference room, brief him on all the implications of the equation breach, before he even got to the meeting room.
What did their comment say!?
shareBecause Bernanke cut off the money supply. The pin had been applied to the market. It was just a matter of time before the bubble popped. It was all a setup and the elites know more about it than the rest of us
shareBank CEO's knew there was problem back in late 2006. That was when investors stopped buying their toxic assets, and they got stuck with the worst junk. It then became a waiting game as to when the MBS bomb would explode. The fact that they could unload all of their MBSs makes me think it was a very small bank, like Barings.
To whom it may concern, the crash had nothing to do with Bernanke.
You are entitled to my opinion, and I am entitled to answer your question with a question.
It's not a small bank. The firm in the movie is Goldman Sach. They liquidated ALL of their MBS position back in 2006. This movie is NOT about 2008 crash, but 2 years prior when Goldman realize the position the market is in and got out of the market quietly.
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