this post was submitted on 15 Jan 2025
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[–] Gradually_Adjusting@lemmy.world 139 points 3 months ago (3 children)

We're inclined to laugh, but maybe if we were all this dumb there'd be no such thing as credit default swaps

[–] Death_Equity@lemmy.world 58 points 3 months ago (1 children)

If we were all that dumb, our currency would be backed by debt derivatives...

[–] olafurp@lemmy.world 7 points 3 months ago

Swiggety swooty coming for the 2008 mortgage booty

[–] UltraGiGaGigantic@lemmy.ml 1 points 3 months ago

We are all this dumb because credit default swaps exist.