How can I turn myself into a systemic risk?
I need some help from the CAPS community. I am considering attempting to turn myself into a systemic risk so that the government has no alternative but to shovel piles of money at me or risk the complete collapse of the financial system. Heck, it's worked great for AIG and Citi so far, so why not me.
The question is how can I accomplish this? My idea is to open a million credit card accounts and then use that money for cash advances that I will deposit into an account which I will lever up as much as possible. At that point I will use the money to make all sorts of risky bets with as many companies as possible. Who cares if they will eventually work out in my favor. If I do this right and they don't, I'll be too big to fail and Uncle Sam will have to come to my rescue. Of course, I will do all of this through a corporation that I plan on forming so I have no personal liability at all. Along the way, I'll pay myself huge bonuses as long as I can before this scheme blows up because hey once I have the money there's no way for anyone to get it back.
What do you think? Does anyone have any other ideas on how I can make myself too big to fail? I need to get me some of those fancy rugs and garbage cans so I'm willing to try anything.