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0 pointssupercanuck10y ago0 comments

I learned a very valuable lesson from reading Housing Bubble blogs and what not during the 2008 Financial Crisis.

I prided myself on being one of those people who saw it before it was happening, and had purchased double shorted bank ETF's. I thought I was a genius by "getting news first" and acting on it, and seeing the money I was "making". But then the Government stepped in and said they would not let the banks fail. My position evaporated into thin air.