by CL ➕follow (1) 💰tip ignore
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$22 trillion in loses.
114,761,359 households in America
That comes to $191,702.16 per household. That's a 3 bedroom, 2000 sq. ft. single family detached house in sunny Florida. It's a much, much larger house in most places in the U.S.
Ultimately, we middle class folk are paying this price. So now that you've paid almost $200k in loss income, inflation, investment losses, higher prices, etc., aren't you glad you at least got that free house? Oh wait, you didn't. None of us did. This is why we need to reign in banks and financial firms. They forced each of us to buy the bank a nice house instead of buying our family's a nice house.
I want that house that I've already paid for.
http://www.huffingtonpost.com/2013/02/14/financial-crisis-cost-gao_n_2687553.html?utm_hp_ref=business