in a way are heroes because they saw what was going on. and shouted about it. and profited from it. yeah, they made a fortune from it. they re complicated heroes. i do think the protagonist, the people oh i wanted to follow and the people i thought the readerer would want to follow were they were oddballs, people outside the system who realized they couldn t do the normal business of investing in the stock market side because this thing was happening in the subprime mortgage market to overwhelm everything. they crawfished their way toward this bet against subprime mortgage bonds. it is true that they are betting essentially on the collapse of the financial system. but the mere fact that they saw it coming and that they were shoulting about it and the perceptions were accurate, to me, innobles them a little bit. and the shocking thing to me
look at the banks and you have to be sympathetic because they have more information than anybody else and could exploit that to be very wealthy. because of technology, on the stock market side, decimalization, internet brokers, quite honestly that profit margin went away because of technology. same thing happened with music. it is happening in the media industry. this is an incredibly disruptive period in american history akin to the industrial revolution. the only thing the banks had left, god bless them, was the ability to create these secret derivative markets to gamble with other people s money so they could stay rich guys. being a rich guy as a banker is the point. and maintaining legal loopholes to hide what i m doing, how else do you expect me to get rich, senator? being a banker? you are doing well talking about what has happened.