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The incentive to collapse the system comes when betting against defaults becomes more profitable than keeping borrowers current.
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John Paulson
The incentive to collapse the system comes when betting against defaults becomes more profitable than keeping borrowers current.
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"...people who made a lot of money because of the collapse. John Paulson. How much money did he make in this collapse? $20 billion,..."
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"You understand what happened? Okay? So, think about this. Okay. I lend $1 million to Amber. Okay? And everyone, $10,000. But then, suddenly, you..."
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"...than just letting it go on. Okay? This is, this is John Paulson. This is Jimmy Diamond. And he also profited from the bank..."
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