The Barmat brothers failed. Their investment company collapsed, and the German government lost millions. People started questioning why they’d been trusted with Germany’s money, and in the ensuing investigation, the answer became clear. Chancellor Bauer had beenaccepting bribesfrom the Barmats for...
Certain hedge funds did and shorted the entire house of cards just before it collapsed and made billions. Good for them. Scott said: “The problem here is that most people assume that easy money means low interest rates. In fact, as Milton Friedman pointed out, tight money usually results ...