Since people seemed to like the post about the "Salad Oil Scandal" I figured I'd post another one.
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Q: What happens when you combine greed, boredom and several offspring of a Texas Billionaire?
A: You end up with those brothers trying to corner the silver market resulting in massive price inflation, a massive market correction, fears of a bank collapse and the implosion of a family fortune.
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Rather than type out the entire story, here's links to summaries with better writers than me:
Investopedia - Silver Thursday
Priceonomics - How the Hunt Brothers COrnered the Silver Market and then Lost it All
Fun Fact: This is the same Hunt family that owns the Kansas City Chiefs
*Cross post from /*r/thewallstreet
Submitted May 29, 2018 at 06:22PM by Lost_in_Adeles_Rolls https://ift.tt/2JfdeYk
