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by nine_zeros
1482 days ago
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Diversifying investments helps the rich for sure. It is the wise choice to make. But the real problem is bailouts and cheap loans for the rich to cruise through the downturn while the ordinary person will likely lose their job and healthcare. |
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While I agree with the idea that government shouldn't give bailouts, I don't see how obtaining cheap loans when one has sufficient collateral to wager is a problem. Banks tried subprime lending before and the result was a global recession and a tighter grip on the financial industry.