America's biggest landlord is also a ponzi scheme
Submitted by gjohnsit on Sun, 05/12/2024 - 5:13pmBlackstone owns over 300,000 rental units. It also hates rent control laws.
Blackstone owns over 300,000 rental units. It also hates rent control laws.
Wall St seems a bit too comfortable with “the Redditors did it” narrative. Somewhat, but on a much smaller scale, like the '08-'09 narrative that ordinary scofflaws took out mortgages they couldn't possibly afford and that tanked the housing market and by extension banks and Wall St. It wasn't that their was no truth in over-extended housing buyers, but they were the bit players and had been played as suckers.
Full frontal hypocrisy. Soros runs to the CFTC (Commodity Futures Trading Commission) because someone is "playing games" with a CDS (credit default swap) - as if CDSs aren't already playing games with honest financial activities.