RE: Breaking News: Democrats want to ban hedge funds from owning single-family homes.
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Obviously in a perfect world these regulations would never have to exist. Hedge funds would just regulate themselves and prevent the damage preemptively in the first place.
Good luck with that buddy.
The obvious reason people can't afford things is because they get paid terrible wages and every year more citizens get automated out of the production cycle.
Amen, brother!
I bet the Hedge Funds will sue for compensation or somehow find a compensation.
I would rather see a higher taxation for Hedge Funds or companies when they speculate with houses.
!DHEDGE
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Well, the luck comes in with the cost of money being decided by the market.
The big firms not getting special loans almost directly from the Fed.
If this was the case, than the big firms couldn't monopolize anything, because when they tried, they would move the market against themeselves.
But, we really do not have anything close to a perfect capitalist economy.
Black rock gets special deals (yes, they were sold those devalued house assets under market value, and were given a sweetheart deal of a loan to buy them.)
I too believe that the black rocks will cry, and be given money, for doing what they set up in the first place.