Reply #65: The banks looking out for the banks

[jaybeat]

Lord knows, can't have that dreaded "wage spiral"!!??

Better to have the Fed jack up interest rates so we have MORE defaults (business and consumer), MORE foreclosures, MORE fire sales (pennies on the dollar), MORE blighted neighborhoods, MORE wild speculation jacking up prices and fueling uncertainty, MORE unemployment (sure as hell keeps those wages down, though!)!

I guess if your one and only mantra is "preserve your wealth, those who have it" you can pretty much tell the rest of the world to fuck itself. I've got mine, I'm gonna keep it safe. Screw you.

Nice. Real nice.