Misery.
That’s what’s on tap for the stupid lazy 93% of Americans who are so dumb that we are not yet millionaires. How do I know?
Imagine a subprime lending industry that charges exorbitant rates loans to people least suited to afford them. Imagine that this industry (deregulated by Tom Carper), has been free to obscure the real risks of sub-prime lending by spinning the shitty debt into high-risk/high-yield bonds. Now imagine that this fraudulent scam is collapsing, and three prominent players are shut down spectacularly and suddenly through bankruptcies and fraud investigations.
You don’t have to imagine it…because it is already here.
Welcome to Carmageddon: The subprime car-lending industry bubble is popped and it is not going to end well.
