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REPORT ABUSIVE REPLY
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Message Subject
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BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
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Poster Handle
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Anonymous Coward |
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Post Content
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Well, I’m no expert on the economy by any means, so I’ll add something in tangent.
Should things go sideways, 1930’s Great Depression style, it’s going to be a tough bag extracting folks from their homes in mass as they did in the 30’s.
Reason being, everyone is pissed off and armed. Everyone with little to lose and already mad as hornets (facing life on the streets if ousted from their comfy homes, electricity or not), the repo men will likely be in short supply. I know I wouldn’t volunteer for the job.
Quoting: Anonymous Coward 77762657 no reason to repossess a house that you can't resell. banks learned that in 2008. Agreed! In the 1930’s US, those houses had no market either. Many were bulldozed.
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