I look at the stock market as a gamble.
And a legal gambling was cleverly employed by the banks with sub-prime mortgages. They re-packaged them and mixed them with prime and super-prime mortgages. So you were getting a goodie bag of unknowns. Essentially the ‘odd pakora, new pakora’ mixed in one bag.
Fast forward and now it’s world wide panic.
Nice one banks, you created the problem – repackaged it – then scammed it off to everyone else.
