Quote:
Originally Posted by sgtclub
I actually think you will find the exact opposite. These guys new what was going on, but were bending over backwards to NOT disclose it to the markets (or to dress it up neatly for public consumption).
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They kept an aweful lot of crap on their own books to have not been drinking the cool aid at least a bit.
And, of course, the premise of books like The Big Short is that it was only a small handful of folks who weren't drinking the cool aid pretty much up until the burst.
But it's a fair bet that there will be individuals within each bank who saw the sky falling. With hindsight, I'm sure there will be many opportunities to portray those folks as the keepers of the bank's true knowledge and belief.
