Thread by @JordanUhl

Homeowners were oversold by realtors & banks, hoodwinked into thinking they qualified for loans they weren't qualified for with rubber-stamp approval processes obfuscated by opaque "credit scores" and ultimately blamed for "living beyond their means" when CDOs & MBSes tanked.

Banks got bailed out as a result. Wall Street execs got bonuses. Nobody got punished for one of the largest financial crimes perpetrated on a global scale. But workers lost pensions & retirement funds. Evictions spiked. And borrowers were blamed.

And time and time again the capitalist class insisted it was the natural state of things because they should have "understood the risks."

Now when a notoriously risky short position is obliterated by other investors, the entire financial apparatus is scrambling to stop it.

We're seeing executives, regulators, investors and media talking heads shriek in unison that it's unfair what's happening to a hedge fund that didn't consider the risk. That it lived beyond its means.

Now the same elite class that championed bailouts for the wealthy when working people suffered in 08 are demanding the system come to a screeching halt because the wealthy might suffer while outsiders benefit.