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Originally Posted by onwebcam
You're confusing the money market with the buying and selling of CDO's and or the bets for or against them. Because Soros collapsed the money market causing bank runs the banks couldn't service those CDO's.
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Even Soros's money would have been unable to service the CDO's.
They were over priced. If he had left all his money in. The debt would have been lower. He would have been broke along with a few others. If there had been no run on the banks. The entire collapse would have come later and cost us far more.
I think you should study how these markets work.
A $ is only worth a $ if someone is willing to give you a $'s worth of value for it. So when people start selling a $ for $1.50 and the $ is only a piece of paper saying "I promise to pay the bearer a $". someone will eventually catch on that they're paying $1.50 for a piece of paper.
Soros's money wouldn't have stopped it.
Financial Crisis Cost Tops $22 Trillion, GAO Says
The markets were so over inflated a crash was inevitable. 200/2009. They couldn't keep selling debts that would never be paid on houses that were overpriced. The culture in the Banking industry at the time led to other stocks and shares being over priced. Especially stocks and shares in the Banks playing the markets.
Do more research. Because the next one is on it's way.