Capitalism: A Love Story
Director: Michael Moore
Starring: Michael Moore
Produced: 2009 U.S, 127 mins
5 out of 5 stars
Alan Greenspan, who at that moment in time was surely thought to be the smartest man who had walked the face of the earth,
He starts using a phrase, ”Tap your home equity,”
That Americans can tap their home equity, which is just Alan Greenspan-speak for ”borrow against your home.”
And if you can’t repay it you’ll lose your house.
It actually started by talking mostly older Americans, people who already had homes, into refinancing their homes
To get them out of houses.
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Prof. Elizabeth Warren
Bankruptcy Law, Harvard University
Credits: Dongwan’s Naver blog + Absolut Shinhwa
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