4 ms·
Subprime auto loan crisis would be neat. Small chunk of labour unable to commute, unable to earn. Less earning snowballs into less demand snowballs into reces
by diordiderot 4y ago
Subprime auto loan crisis would be neat.
Small chunk of labour unable to commute, unable to earn.
Less earning snowballs into less demand snowballs into recession.
Whatever triple leverage cronenberg security monster wall street has secretly shoved up everyone's ass wrapped in 4 layers of derivatives goes bust causing the fed props up asset prices (obviously) while low income areas turn into the god damn purge.
But hey, used cars will be cheap again
- klyrs 4y ago$10K loan forgiveness for everybody?
- kelseyfrog 4y agoUnconstitutional.
- klyrs 4y agoSince when has that limited campaign promises?
- rootusrootus 4y agoIs the emergency declaration still in place? Can it be left in place forever, like the war on terror? It's looking like the SCOTUS may be leaning towards deciding that the loan forgiveness is in fact constitutional. For better or worse.
- pseudo0 4y agoIt's unconstitutional, everyone knows it's unconstitutional, but this way in 2024 they can blame the Supreme Court for striking it down. The executive branch can't spend money without the approval of Congress, and HEROES Act does not apply.
- klyrs 4y agoGiven what I've read of the proceedings, the states are claiming injury on behalf of loan servicers. The supreme court doesn't play that way. Injured parties must claim injury on their own behalf. Justice demands its pound of flesh. That the states went to the supreme court without standing may in fact doom their case. But if that does happen, it's purely procedural and will not establish a precedent. The conservative justices are vocally against the idea of eroding the separation of powers, so they'll be especially motivated to keep the ruling narrow.
- dredmorbius 4y agoOn what basis?
- deleted 4y ago[deleted]