21 sats \ 6 replies \ @Satosora 25 Jul \ on: Wall Street's latest poison: Leveraged ETFs econ
Leveraging will always be a poison to society. The people that use it are leeches.
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20 sats \ 5 replies \ @Undisciplined OP 25 Jul
Only if they get bailed out. Otherwise, they'd just be cautionary tales.
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21 sats \ 4 replies \ @Satosora 25 Jul
Only the wealthy leverage. Everyone else who does ends up bankrupt.
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20 sats \ 3 replies \ @Undisciplined OP 25 Jul
They'd probably end up bankrupt too, if they didn't get bail outs.
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21 sats \ 2 replies \ @Satosora 25 Jul
The wealthy always get bailed out. Especially corporations.
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20 sats \ 1 reply \ @Undisciplined OP 25 Jul
True, but that's not leverage's fault.
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0 sats \ 0 replies \ @Satosora 25 Jul
If they didnt have the ability to leverage, the wouldnt be in that situation. They would just go bankrupt.
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