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Drahthaardogs

(6,843 posts)

2. Do you see what happened here?

Reply to Demovictory9 (Original post)

Sun Sep 9, 2018, 07:32 AM

Sep 2018

Even back then, no on was acquiring wealth. People just used their house as a credit card.

DON'T cash out the equity on your house!
$100,000 in credit?

The rich do thus shit to keep us complacent. Borrow against your house, then watch the bank take it in the end.

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Highlight:

A decade after the financial crisis, many Americans are still struggling to recover [View all] Demovictory9 Sep 2018 OP

But the Dow is at a new high, so who cares about them? ck4829 Sep 2018 #1

Do you see what happened here? Drahthaardogs Sep 2018 #2

Much of that borrowing is unlikely now FBaggins Sep 2018 #5

You are right to a degree Drahthaardogs Sep 2018 #7

No response to that last paragraph... jaw still hanging FBaggins Sep 2018 #8

The wealthiest are a disgusting scourge on America. democratisphere Sep 2018 #3

I always wondered why the bailout of the banks didn't include a little bailout of the people Vinca Sep 2018 #4

Because that couldn't work the same way FBaggins Sep 2018 #6

That is an excellent idea. Blue_true Sep 2018 #13

The banks repaid all the money back to the government MichMan Sep 2018 #17

throw in the loss of real estate value that has not rebounded in many areas of the US beachbum bob Sep 2018 #9

In some parts of the country $200,000 hh income is not wealthy. honest.abe Sep 2018 #10

Wow, I think his fiance did him a favor MichMan Sep 2018 #11

I noticed that too. Blue_true Sep 2018 #14

Absolutely true. ZeroSomeBrains Sep 2018 #12

Another good idea. Blue_true Sep 2018 #15

Both student loan and medical debt ZeroSomeBrains Sep 2018 #16