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by Cushman
5359 days ago
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Funny? I find it utterly bizarre. The people who owe $300,000 on a house they never should have bought? They're going to be left with no debt and a house to live under. The people with $700m in net worth are going to lose everything they can't fit in their pockets; their houses are all going to get looted and razed the night of the collapse. So why the hell is the guy with debt working hard to prop up the system, and the guy with investments doesn't seem to care what happens to it? |
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[Edit] They will be the biggest losers because by the time the cataclysmic implosion occurs, the middle class they depend on so much will not have much left to back the up with. If you think that 2007 was something, brace yourself for what is next if things don't change. The sad thing is that I doubt that President Obama has what it takes to make the necessary changes.