Reply #3: The profits have already been pretty much taken. [View All]

[EST]

From the time a mortgage is created there are numerous little lampreys sucking a bit of blood from it and everybody takes a piece until the long term payback begins, with even more fee-generating if it's an adjustable mortgage.

Now the golden parachutes will be deployed, a few tens of thousands of lower level operatives will be taking it in the shorts and a hell of a lot of people will be without a roof and with even less spendable money than they had before, if possible.

The rise of interest rates will be necessary because there is still a lot of little dribbles and drops of money that can be squeezed out of vulnerable, broken people.
I know what it was like when I was a kid, and the recent story of the twelve year old boy who died from a bad tooth tells me it's even worse. The greedy bastards won't suffer much, but a hell of a lot of people are going to learn why unions are important and regulations necessary.