Trillions in Bad Loans May Sap World Economy for a Long Time

Re:Trillions in Bad Loans May Sap World Economy for a Long Time by anigbrowl on Thursday February 04, 2016 @01:49PM (#11036201)

You know what, fuck the creditors. Let them feel what it's like to have no money coming in for a while. If they don't want to lend any more they can spend down their capital or go and get jobs. The society we've built around the premise of mortgaging the future is not so fabulous that it can't be improved upon.

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Re:Trillions in Bad Loans May Sap World Economy for a Long Time by gozur88 on Thursday February 04, 2016 @03:11PM (#11036800)

>You know what, fuck the creditors. Let them feel what it's like to have no money coming in for a while.

I'll bet most of them already know. Start with nothing, work hard, save money for retirement, lend it to entitled students and have them not only stiff you, but also spit in your face.

That seems fair.

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Re:Trillions in Bad Loans May Sap World Economy for a Long Time by throwaway2048 on Thursday February 04, 2016 @03:15PM (#11036830)

most of the rentier class knows what its like to "start with nothing and work hard"?

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Re:Trillions in Bad Loans May Sap World Economy for a Long Time by gozur88 on Thursday February 04, 2016 @05:21PM (#11037770)

We're not talking about "the rentier class", though. We're talking about people who worked in a cubicle for the last 30 years and would like to be able to spend the money they saved.

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Re:Trillions in Bad Loans May Sap World Economy for a Long Time by branchless on Thursday February 04, 2016 @02:27PM (#11036485)

This is what we need. Creditor haircut, then rates go up because there is real risk.

Let's hold the boomers+ to the fire. And the banks.

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Re:Trillions in Bad Loans May Sap World Economy for a Long Time by hiram112 on Friday February 05, 2016 @02:42AM (#11040138)

I think a lot of the Boomers are going to get their comeuppance. At my age, my parents were on their third house. Most of my cohorts rent, and as I'm in a city where housing is now higher than before the crash, I wouldn't buy a home even if I could afford it. And I don't have school loans.

There are going to be some disappointed Boomers in the next decade, when looking to sell their main asset, upon discovering nobody can or will pay their inflated prices.

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