• ClaraBecker@threads.net@sh.itjust.works
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      4 months ago

      The wolves managed to talk the Wainwrights into a poorly structured loan that they inevitably defaulted on. This was a frequent problem in the 90s and 2000s thanks to the bull market massively contributing the proliferation of wolves. If you’d like to know more, the 2013 documentary “The Wolf of Wall Street” covers the topic.

      • Everythingispenguins@lemmy.world
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        4 months ago

        Luckily the wolves love of Quaaludes ended up being their downfall. Saving middle America from predatory lending and variable rate mortgages for all time…

      • clearleaf@lemmy.world
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        4 months ago

        Wow I didn’t know The Far Side was providing such deep insight into the contemporary struggles of the working class. I guess it just takes an extremely high level of literacy to understand it.