Letters to the Editor
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Paying attention
Thanks Mr. Leonard for being the only person on Salon consistently paying attention to economics.
You might not feel sorry for shmucks who somehow get a $625,000 mortgage on a $150,000 house, but unfortunately this subprime crash is going to affect the whole world economy... the value of the dollar, the employment rate, interest rates, loans, 401K stock value, your mutual fund if you have one, etc.
Pay attention. Then you realize the whole capitalist economy is one big crap shoot, run by greedbags, and you might think that an economy owned and run by regular people might not be such a bad thing.