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Nightmare Debt-Default Scenario Looks More Likely Every Day

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Birth Control Works9/26/2013 12:39:24 pm PDT

re: #301 GeneJockey

Well, there’s more to it than that. There aren’t borrowers, either. Most folks have little stomach for going into debt after 2008.

But the biggest problem is income and wealth inequality. It’s like Ophelia’s dress - at first it held up the economy as cheap credit made borrowing to buy easy. Now it’s become saturated, and it’s going to pull us all down and drown us.

I guess I see it all as a result of the break-down of Glass Steagall. Wealth inequality is the result —no?