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That is essentially the ugly nature of recessions period. Those who buy it up for fire sale prices get the assets and the worst part is stopping it without fund
by Nasrudith 6y ago
That is essentially the ugly nature of recessions period. Those who buy it up for fire sale prices get the assets and the worst part is stopping it without funding the losers would only make it /worse/ for them. The only good I can see from restrictions there is barring profit from those who promote or cause recessions which is a very tall order to prove much less how to make illegal without ironically larger collateral damage. (You invested at the top? Lose your shirt and go to jail would be stupid tyranny.)
Technically "wealthy" is a neccessary but not sufficent condition for "available assets sufficient to take advantage".
The only way the buyers could lose long term is if the assets go down /even more/ which needless to say would be bad for everyone.
Gross as it sounds I am not sure if there is a better solution possible right now other than "loot the proverbial corpses and move on". It isn't really news in itself.
- stainforth 6y agoWe don't need to lay a red carpet for the wealthy to loot "proverbial" corpses.