alt Hacker NewsThe 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.
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throwaway132448 • today at 11:53 AM
2007 called they want their free-market philosophy back.
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.