NorthWest Biotherapeutics Inc (NWBO)

[CogDiss 1188X]

You know, Big Money and Wall Street got it all MASSIVELY wrong when they thought there was no housing crisis.

It kind of depends on what you mean by “Wall Street.” I take Goldman to be an exemplar of the Street, for good and ill.

“This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail,” said Acting Associate Attorney General Stuart F. Delery in a statement.

https://www.google.com/amp/amp.timeinc.net/fortune/2016/04/11/goldman-sachs-doj-settlement

A long time ago, I used to view banking crises like the failure of Continental Bank due to bad loans to the oil patch or the S&L crisis in the 80’s as evidence of the stupidity of bankers. Turns out they’re just shoveling as much money into the truck as they can before the music stops — who knew?

JMO FWIW