Hacker News new | ask | show | jobs
by lesuorac 33 days ago
Intentionally or negligently caused '08?
2 comments

Intentional negligence? In many parts any reasonable looking into future should have made it clear things were unsustainable. Both on loan origination where rates would end up unsustainable for borrowers but also the derivative side with unsustainable liabilities. Screams of being intentional and negligent at same time, but it did make money.
Intention is becoming worthless in the disinformation age.