691
you are viewing a single comment's thread
view the rest of the comments
[-] themeatbridge@lemmy.world 3 points 1 year ago

I'm with you, but you're kidding yourself if you think the billionaire is going to suffer. They have leveraged the value with banks, and would skip on down the road with their fortunes while the banks that make mortgage loans have to shore up their books at the expense of common folks. Homebuyers, small businesses, and taxapyers will be expected to cover the losses.

this post was submitted on 28 Oct 2023
691 points (96.1% liked)

World News

32370 readers
705 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS