• FuglyDuck@lemmy.world
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    10 months ago

    or do you want to stop confusing issues here?

    '07-08 crisis is a fundamentally different scenario that built over time. The toxic assets totaled something like 1 trillion; they were built over time, and the problem rose when home values stopped going up. let me compare the orders of magnitude on the debt that caused that crisis vs this:

        1,200,000,000 (Kiyoski's debt)
    1,000,000,000,000 (Toxic assets in the great recession) 
    

    Do you see the difference now? It’s a nice whataboutism, but it’s fundamentally irrelevant. the only thing that’s going to get fucked is Kiyoski, and the people who work for him. The difference between a billion and a trillion is… about a trillion. more preciesly, .1%.