Another of those difficult-to-believe-we-are-that-collectively-stupid things…
Another Hidden Bailout: Helping Wall Street Collect Your Rent
http://www.rollingstone.com/politics/blogs/taibblog/another-hidden-bailout-helping-wall-street-collect-your-rent-20120319
This sums it up:
As one hedge fund analyst put it to me this morning: “Help inflate the bubble, create a foreclosure crisis, buy homes in bulk, and rent them out to the same average homeowner.”
Is this what we had in mind when we created the “ownership society” – helping billionaires collect your rent?
