Re:Wall Street’s Latest Love Affair with Risky Repackaged Debt
by gryfft on Wednesday March 20, 2019 @10:37AM
(#19442654)
>The rich suffer during a recession too;
I believe we're thinking of different definitions of the word "suffer." The qualitative difference to which I refer is that for one class of people, the "suffering" is restricted to numbers on ledgers going down, and for another class of people, said suffering can literally involve ending up on the streets.
Furthermore, someone else in these very comments is claiming the ultra-wealthy can wind up on the streets as a result of market forces.
I believe we're thinking of different definitions of the word "suffer." The qualitative difference to which I refer is that for one class of people, the "suffering" is restricted to numbers on ledgers going down, and for another class of people, said suffering can literally involve ending up on the streets.
Furthermore, someone else in these very comments is claiming the ultra-wealthy can wind up on the streets as a result of market forces.