You probably already know – or at least strongly suspect – that Wall Street is rigged. And not in favor of the little guys and gals like us.
But this blog post should lay any doubt about that to rest…
Let’s start with the movie you must see if you have any money invested in the market (or need a reminder of why you yanked it out in the first place).
The Big Short is based on the New York Times best seller by Michael Lewis. The main characters are played by Brad Pitt, Ryan Gosling and Steve Carell.
It recounts the story of a handful of Wall Street traders who (ultimately) made a fortune by betting against the mortgages that caused the housing bubble… and subsequent crash and Great Recession. [Read more…]