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February 2, 2011
President brush saush said sure. more than a dozen other firms followed suit. goldman sachs even created commodities indexes. to simplify the betting and goose casual investors into the casino. again, wall street followed suit. remember the real estate bubble? wall street wanted to hedge all of those bets it made on mortgages. so they ramped up their bets on commodities. and when wall street started losing money on sub primes, they bet it on commodities instead. by 2008, wall street had five tim...
February 2, 2011
More than a dozen other firms followed suit. goldman sachs even created commodities indexes. to simplify the betting and goose casual investors into the casino. again, wall street followed suit. remember the real estate bubble? wall street wanted to hedge all of those bets it made on mortgages. so they ramped up their bets on commodities. and when wall street started losing money on sub primes, they bet it on commodities instead. by 2008, wall street had five times more futures contracts in comm...