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graemep
39 days ago
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Gloomberb
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
39 days ago
[–]
Is lending not a trade? Two parties exchange money for terms of repayment/debt.
linkregister
39 days ago
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parent
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The trading occurring on the Bloomberg terminal is of bonds, equities, and commodities.
wyre
39 days ago
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root
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parent
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Sure, this subthread was about finance people in general, the big short in 2008, and other government-funded bailouts.
graemep
39 days ago
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root
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parent
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If you look at ancestors there are repeated references to trades and trading, not to finance or banking.
globular-toast
39 days ago
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root
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parent
[–]
Unless you're trading physical goods for other physical goods, ie. bartering, then it's finance.
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Trading can bring down a bank (e.g.Barings) but is not a big systemic risk.