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Reminds me of this [1]. Unsettling, to be honest. Finance helped to bring about the housing bubble and the 2008 crisis, and now it's purchasing depressed hous

• atwebb 12y ago
  Yep and it seems to make sense for them at the prices I'm seeing but I can't help but feel there's something else there. Also, the word "Blackstone" is an immediate red flag to me after going through a corporate merger with them.
• muhfuhkuh 12y ago
  That's so strange, because to hear free-marketers and political armchair warriors speak of it, they placed the blame squarely on dumb homebuyers who couldn't afford their house, President Clinton, Barney Frank, and Fannie&Freddie. All the talk of the Financial Sector, Credit Default Swaps insured by AIG London advised by Blackstone, and 30:1 leveraging of Mortgage Backed Securities deepening the crisis is met with yawns and allegations of being a socialist hippie who hates business. Nope, it was the poor people who were too stupid and lazy to afford mortgages who were at fault. They were blamed for the 2008 crisis, and they'll be blamed for this bubble too. Oh, and the Communist Chinese too for good, Xenophobic measure.