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I will be perfectly ok if the high interest rates drive these companies bankrupt. They chose to speculate. Speculation comes with risk. Let them bear the burden

I will be perfectly ok if the high interest rates drive these companies bankrupt. They chose to speculate. Speculation comes with risk. Let them bear the burden. For owner occupancy protections, the real answer was to never to give tax breaks to investors in the first place. Only owner occupants should have any tax breaks. But this is not going to happen. So let the speculators burn and go bankrupt.

chrismarlow9 4y ago
They won't. They will get a bailout because they have intentionally woven themselves into the fabric of everything so that it's mutually assured destruction if they go under. If they go bankrupt it will wipe out 401k, retirement plans, and cause massive layoffs due to businesses going under as their primary sources of funding (debt) dry up. They already did it in 2008 and called the governments bluff. Now that they know they can do it there's no way they're turning back. Edit: bringing back the glass steagall act would be a good start. But it will take decades to unwind the standoff.