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Wall Street's Hot New Financial Product: Your Rent Check. (2014)
- downrightmike 10y ago2008 all over again, except rather than using mortgages directly, mortgages become the collateral. Just one more level of abstraction. Same problem or worse, because the lack of home ownership in the neighborhoods is undermined, making the surrounding properties more risky.
- BoiledCabbage 10y agoIf you don't punish a child for stealing cookies, there really is nothing to dissuade them from doing it again.