this post was submitted on 05 Jul 2023
97 points (97.1% liked)
Asklemmy
43940 readers
460 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You would think that, but the big banks made out like absolutely crazy from the derivatives and then got to seize a whole swathe of land they then sold on for even more money or kept for themselves and used to artificially inflate the rental markets while at the same time curb stomping their competition thus giving them a much larger piece of the pie after everything shook out.
The real own goal here is the poor saps who thought they were getting a cheap mortgage until the interest rates started going up and up.