Forum Post: NYT reports:As the housing market began collapse, Wall Street firms&sophisticated investors searched for ways to profit.Some of them found an easy method:Stuff a portfolio with risky mortgage-related investments,sell to unsuspecting customers& bet against
Posted 12 years ago on Oct. 27, 2011, 2:51 p.m. EST by FedWallFedWellFedUP
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NYT reports:As the housing market began collapse, Wall Street firms&sophisticated investors searched for ways to profit.Some of them found an easy method:Stuff a portfolio with risky mortgage-related investments,sell to unsuspecting customers& bet against it!
Yeah, how is this not gambling?