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Slappy817 OP t1_jee33dm wrote

So they got caught with their pants down gambling with other peoples money

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Amazing-Guide7035 t1_jee3njm wrote

Wait, I thought that was the game?

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tothemoonandback01 t1_jee7ox5 wrote

Yes, but you the aim is not to get caught.

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pcans802 t1_jeejpi8 wrote

You can get caught, just not first. They shoot the first one and then give everyone else free money.

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Amazing-Guide7035 t1_jeejoys wrote

I mean to a certain extent. Wasn’t this the bank that was caught with safety deposit boxes designed for max cash holdings for the cartel or was that DB?

I’m getting my banks mixed up a bit with their scandals but I’m sure the regulators will straighten them all out. 😕😕😏

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fartswhenshecums t1_jeeigvj wrote

Lol, HSBC’s SENIOR Economic Advisor Stephen King said that’s exactly what it is. The last two paragraphs of the article:

“What [quantitative easing] encourages you to do is effectively raise funds very cheaply and invest in all kinds of assets that might be doing very well for a short period of time,” King said.

“But when you begin to recognize that you’ve got an inflation problem and start to raise rates very very rapidly as we’ve seen over the course of the last couple of years, then a lot of those financial bets begin to go rather badly wrong.”

Jfc. Senior Advisor my ass.

Man’s salaried in the $millions/yr to ”advise” his people to fuckin gamble all day at work.

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