Whisky Business
Note the similarity between the fall of the market and "Goodfellas"?
In the film, Ray Liotta's voice-over explains gangsters "so to do business after taking over the Tiki Lounge: "Look, you buy the whiskey for $ 200 a case and put it on the front door, and sell it right by the back of a hundred. And everything else. Booze, fur coats, no matter. What the hell – all in the credit for what is pure profit! And when everything falls apart and nobody is going to pay more money, you just torch and then there's the insurance. It's a business! "Remind you of any banks, brokers or companies assurance that you've heard about the latest? Airlines and automakers? Good God. And all the time I could not understand how they could be so stupid.
That quote is terrifying in its applicability to the current credit disaster. As you say, maybe they were not as stupid as we gave them credit for being.
Whisky Business – Dimples_x264.mp4