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mikebeezie.bsky.social
@mikebeezie.bsky.social
Rich people and investors bought those properties in foreclosure at rock bottom prices which made them billions of dollars. The banks were then bailed out.
The only losers are the middle class and below.
December 16, 2024 at 6:52 PM
Rich people and corporations enjoy the benefits of recessions because they are able to increase their assets. Subprime mortgage crisis is a great example. Banks issued bad loans and millions of people foreclosed on their properties.
December 16, 2024 at 6:49 PM
The mass suicide thing from the 29 crash is a myth. There were some but it blown way out of proportion. Pre modern stock markets were basically casinos. It’s different today than it was 100 years ago.
December 16, 2024 at 6:47 PM
They’ll just buy everything at bottom dollar when everything has crashed and get richer.
December 14, 2024 at 6:08 PM
Oh no don’t do us any favors lol
December 3, 2024 at 9:52 PM
December 3, 2024 at 3:54 PM
It’s true. You should see what my family says. Completely off grid insane broke brain stuff.
November 30, 2024 at 5:29 AM
This guy has been a shit show for years.
November 28, 2024 at 4:37 AM