4 ms·
> So in this case "screwing investors" basically amounts to destroying the life savings of the elderly. Equity markets are not supposed to be so timid that the
by yourapostasy 7y ago
> So in this case "screwing investors" basically amounts to destroying the life savings of the elderly.
Equity markets are not supposed to be so timid that they hide behind the skirts of grandma and cling to grandpa's legs. The picture is more like they're holding a gun to your grandparents' heads. I'd look into a one-time stimulus program that recaps just those elderly's retirement accounts to decouple equity markets' hostage-taking of a vulnerable section of the population, move the interest rate to a level that re-kindles the bond market's retirement linkage, and let the capitalists sort out a real capital market.
I'm done with so many companies boasting they're uber-capitalists, but multiple times in my life they avail themselves of taxpayer-backed funding for loan terms I'd never in my dreams get as a private individual or small business. And they just did it again.