As "YOLO spenders" have financed more and more spending with debt, Rosenberg said the consumer credit default cycle has already arrived.
  • @grueEnglish
    34•8 months ago

    "…so we can then swoop in and save them from themselves!” the banking shill, probably.

    I’m not so sure about that “probably.” I think “so we can then swoop in and exploit them with even more predatory products and services!” is more likely.

    • FuglyDuckEnglish
      19•8 months ago

      Mine was the for-public-release version. Yours is the internal memo