Don't get me started on the big new idea on Wall Street to turn rent payments themselves into a securitized financial product (as opposed to doing this indirectly via selling mortgages to landlords)https://twitter.com/thrasherxy/status/1358632730217562112 …
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Replying to @arthur_affect
...is there like a drug people on Wallstreet have to take that prevents them from learning from history because I remember 2008ish showing us why that is a CATASTROPICALLY BAD IDEA.
3 replies 0 retweets 14 likes -
Replying to @CWGaither
It taught them that mortgages are bad so they had to move on to something more solid than mortgages, which I guess is rent
2 replies 1 retweet 10 likes -
Replying to @arthur_affect @CWGaither
"See, we thought we could trust everyone to pay their mortgages no matter what, but that turned out to be problematic So then we were like hey -- tenants REALLY have to pay their rent or they REALLY won't have anywhere to live"
1 reply 2 retweets 15 likes
Sound logic, if you don't think about it at all ("THE REASON THEY STOP PAYING THEIR RENT ISN'T BECAUSE THEY CHOOSE TO YOU DUMB FUCKS")
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