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And debt was forgiven done before with mortgage payments in 2008 (even if people lied on their mortgage applications, or took out HELOCs on the mortgage!) and o
by RustLove 4y ago
And debt was forgiven done before with mortgage payments in 2008 (even if people lied on their mortgage applications, or took out HELOCs on the mortgage!) and on taxes owed on stock option speculation during the dot-com crash of 2000.
- gjsman-1000 4y agoAnd you don’t even have to be a person! Bankrupt car companies? Send them checks! Incompetent banks? Send them checks! Incompetent schools? Send them grants! Incompetent government agencies? More cash (1)! This can’t last… it’s a pyramid scheme that assumed the authority to shut down competing pyramid schemes. (1) My home state of Minnesota spent over $100 million and over a decade of time to build a driver’s license system. Total sunk-cost. The rollout was so bad they scrapped it for a third party platform. Look up MNLARS for the gory details of absolute technical failure.