“Unfortunately, I do think there has to be some pain for the average American now,” said Lindsay Rosner, head of multi sector investing at Goldman Sachs asset and wealth management.
“Does there have to be any pain for rich Americans, like yourself, or companies like Goldman Sachs?” we didn’t ask but should have.
“What? Of course not. That’s not how we’ve rigged things to work,” she would have responded if she were capable of honesty.
All of the owner-class and their supportive media are telling us how much pain the rest of us are going to have to go through because their cost to borrow capital is going up. And it sounds more and more like a threat every time they do.
The rich wont feel pain unless the rest of us bring it to them.
Now? Fuck you Lindsay Rosner.
Watch that commercial real estate mortgage backed securities market. It’s 2008 all over again.
It’s 2008 plus 15 years of cam kicking!
