Why I'm Not Worried About the Market [View article]
This would have been the perfect scheme (your novel) except the target wasn't the richest of the rich. From what I've read the hardest hit was the NY teachers pension fund. I was thinking similar to you but my reasoning was the very riche were becoming bothered by the nouveau rich usurping their playgrounds. Do you know what its like telling a bourgeois that you can't get him a super bowl ticket at any price? The way I'm seeing this is the upper middle class is taking the hit on this one. I'm kicking myself in the ass for buying a house I could afford when all I had to do was buy my mansion and let the government bail me out.
Why I'm Not Worried About the Market [View article]