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Old 11-08-2007   #15 (permalink)
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Re: Economics business.The Sub-prime Crisis. How bad is it?

Quote:
Originally Posted by Qfwfq View Post
Go to the auctions.
The point being that this is yet another way that the social classes will become further divergent. Those who have expendible money will now be able to gobble up property like pac-man, and for minimal financial impact to their own wallets. There's a deeper issue at play here regarding intentionality of bad policy decisions for short term individual gains. Like driving down a corporations stock so you can buy a bunch of it before "fixing" the issue that drove it down. Then, after you've acquired a tremendous amount while it was cheap, the prices go back up, and you've done rather well for yourself. All while the lower classes keep struggling just to survive, let alone finally get ahead.

Last edited by InfiniteNow; 11-08-2007 at 06:58 PM..
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