this post was submitted on 26 Oct 2024
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Well, it'll ding them. But the ones hurt worst will be those invested in the ponzi scheme that is the american retirement system.
Like at my last job my tiny nothing of a 401k was invested in mortgage holdings. Had the bubble burst then all my money would be gone.
"Marginal Utility" - $10,000 is a lot to me. Its not worth stooping over to pick up for a Blackrock Exec.