Short-selling: can hedge funds make a fortune from no-deal Brexit?
Philip Hammond says Boris Johnson’s rich backers are line to make a killing
Hedge fund millionaires backing Boris Johnson will make a killing from a no-deal Brexit, according to the former chancellor Philip Hammond. The claim is these “short sellers” are betting on big falls in share prices and the value of sterling in what critics say is a classic example of “disaster capitalism”. But how do they do it, who are they and are they all merchants of doom? -snip
Originally posted by Robtard
Short-selling: can hedge funds make a fortune from no-deal Brexit?Philip Hammond says Boris Johnson’s rich backers are line to make a killing
Hedge fund millionaires backing Boris Johnson will make a killing from a no-deal Brexit, according to the former chancellor Philip Hammond. The claim is these “short sellers” are betting on big falls in share prices and the value of sterling in what critics say is a classic example of “disaster capitalism”. But how do they do it, who are they and are they all merchants of doom? -snip
ha! Those jokers! Remember when our Wall Street Fat Cats did the same thing before the housing market crash but weren't arrested, prosecuted, fined, and/or imprisoned?
Originally posted by dadudemon
ha! Those jokers! Remember when our Wall Street Fat Cats did the same thing before the housing market crash but weren't arrested, prosecuted, fined, and/or imprisoned?
Well we have to protect our wealthy elites. They probably were just ignorant to any wrongdoing they did and that makes it okay. If you're not aware it's a crime it is not a crime.
Johnson always knew he couldnt get out by October 31st. Parliament was never going to allow it. And if he was at all serious about it he would be reaching out to the opposition and to the EU for aid and collaboration, not slamming them down, because he needs them.
This was all a fake attempt, to boost public opinion on his side. By giving the impression he tried his best. And honestly its worked.
Originally posted by Darth Thor
Johnson always knew he couldnt get out by October 31st. Parliament was never going to allow it. And if he was at all serious about it he would be reaching out to the opposition and to the EU for aid and collaboration, not slamming them down, because he needs them.This was all a fake attempt, to boost public opinion on his side. By giving the impression he tried his best. And honestly its worked.
Not followed it, is Johnson going to ask for another extension for the UK?