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linkregister
37 days ago
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Gloomberb
Why would a trader need your consent to make a trade with somebody else?
grigri907
37 days ago
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I assumed they were referring to market crashes caused by irresponsible levels of risks and deceptive practices like we saw in 2008, and/or government-funded bailouts
graemep
37 days ago
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That was not caused by trading. It was caused by irresponsible lending and deceptive securitisation of that debt.
Trading can bring down a bank (e.g.Barings) but is not a big systemic risk.
wyre
37 days ago
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Is lending not a trade? Two parties exchange money for terms of repayment/debt.
linkregister
37 days ago
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The trading occurring on the Bloomberg terminal is of bonds, equities, and commodities.
wyre
37 days ago
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Sure, this subthread was about finance people in general, the big short in 2008, and other government-funded bailouts.
graemep
37 days ago
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If you look at ancestors there are repeated references to trades and trading, not to finance or banking.
globular-toast
37 days ago
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Unless you're trading physical goods for other physical goods, ie. bartering, then it's finance.
FromOmelas
37 days ago
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often they're trading things with externalities
johnsmith1840
37 days ago
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"Capitalism bad" is generally their point
yulker
37 days ago
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why should we have financial regulation at all, is that what you're getting at?
linkregister
37 days ago
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No, I meant exactly what I wrote and nothing more.
yulker
37 days ago
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Trading securities is under an incredible amount of regulation, making your point flippant rather than substantive
linkregister
37 days ago
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You continue to read subtext that is simply not there.
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