Comment by cmiles8
11 hours ago
The debt goes bad and those that issued the debt absorb losses. Many that went in deep lose their shirts.
Thats how this stuff works, although there’s a whole generation that’s not seen the back side of a bubble and seems to think there’s no such thing as a downside.
Just their shirts?
I'd rather lose my pants if I had to lose anything, so then I'd still be presentable for Zoom calls.
2007 called they want their free-market philosophy back.