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And all the pensions and retirement accounts of teachers, firefighters, anyone with a 401k/403b/125 account are the ones propping up those mortgage holders and
by chkaloon 6y ago
And all the pensions and retirement accounts of teachers, firefighters, anyone with a 401k/403b/125 account are the ones propping up those mortgage holders and "capitalists". There is no imaginary backstop here, except the Fed for a little while. Eventually that will crumble as well.