Having trouble remembering the name of this blog?
Simply type into your browser tiny.cc/riverbend


If you find the text too small to read on this website, press the CTRL button and,
without taking your finger off, press the + button, which will enlarge the text.
Keep doing it until you have a comfortable reading size.
(Use the - button to reduce the size)

Today's quote:

Wednesday, May 11, 2016

The men who made millions from the global economic meltdown


Just came back from the Bay where I lashed out on the new-release DVD The Big Short which is based on the unbelievable true story and best-selling book by Michael Lewis.

When the crash of the U.S. stock market became public knowledge in the fall of 2008, it was already old news. The real crash, the silent crash, had taken place over the previous year, in bizarre feeder markets where the sun doesn’t shine and the SEC doesn’t dare, or bother, to tread. Who understood the risk inherent in the assumption of ever-rising real estate prices, a risk compounded daily by the creation of those arcane, artificial securities loosely based on piles of doubtful mortgages?

This movie tells the story of four outsiders in the world of high-finance who predicted the credit and housing bubble collapse before anyone else and risked all to take down the banks.


EGOTIST: Someone who is usually me-deep in conversation.