Sunday, August 26, 2007

Sub-prime meltdown

Is the sub-prime meltdown a better means of transferring wealth from the rich to the poor than any socialist economist could ever dream of!?!

THE multi-millionaire financier Martin Finegold, dubbed Britain’s “Mr Sub-prime”, has become one of the biggest public losers in the market meltdown.

3 comments:

Charlie Marks said...

The crisis isn't transfering money to the poor, I'm afraid. More people are getting kicked out of their homes...

Snafu said...

So who is losing money!?!

Charlie Marks said...

I didn't doubt that people were losing money. I did dispute that it was being redistributed from rich to poor.