blackstone

Who Killed The Shorts?

Wall St seems a bit too comfortable with “the Redditors did it” narrative. Somewhat, but on a much smaller scale, like the '08-'09 narrative that ordinary scofflaws took out mortgages they couldn't possibly afford and that tanked the housing market and by extension banks and Wall St. It wasn't that their was no truth in over-extended housing buyers, but they were the bit players and had been played as suckers.