While I commend Reason Magazine's Anthony Randazzo's foray into discussing consumer debt on Fox Business News, when Randazzo begins to discuss Toxic Debt and the sub human owners who stink of it, I lose interest.
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Better still, shouldn't most consumers lose interest, as in the interest rate charges on their credit card and student loan debts so they can actually pay down their debts?
Toxic Debt is one of those happy go lucky terms, kind of like Soylent Green. See the movie if you want to know what Soylent Green is, but you can probably figure it out.
The insensitivity of calling a homeowner's debt "toxic" when their loss of equity was induced by home securitization fraud initiated by wall street, is one reason why Fox and the Republican party disconnects with the middle class.
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