.@MilostivV Have u been living in a fkng CAVE? We brought down WORLD Economy W/Our"NoJob,NoMoney
Home mortgage"JUNK BONDS, PONZI SCHEME !— Cher (@cher) October 2, 2013
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Cher isn’t known for her public policy expertise, but in one of her typical blowhard rants this morning, she actually came close to a bona fide insight.
“No jobs, no money” mortgages were indeed at the center of the housing bubble that preceded the financial meltdown of 2008-09.
If only she could take the next step and figure out why lenders were offering such ridiculous loans. Hint: It wasn’t just capitalism and greed.
Come on, Cher, you can do it!