The Baby Boomers and Gen-X crowd are going ***** about the life they robbed themselves of, the younger twenty somethings and below are going to grit their teeth and deal. I look forward to showing them that the Millennials are ten times tougher than their hippy garbage and narcissistic job-changing life style.
If Japan's economic collapse and recovery is any indication, the banks and lenders are going to shut down every single attempt to control them. Audits, opening their books, etc. Given the amount of bitching the half million salary cap is generating, I'd say the next 8 years are going to involve brutal class fighting. The honest business people who built good, strong businesses are going to be pissed that they can't reap the rewards. But the crooked assholes who ruined it for all of us are going to drag them down with Republican jargon and party-line nonsense. In what will be one of histories greatest ironies, the rich will eat themselves in America.
Government controlled lending is both complicated, potentially unworkable, and will take years to tweak to proper order. We'll have no choice but to nationalize the banks in about 6 years, when the banks are so broke they can't even fight anymore, and then we'll be about 20 years behind China. I recommend studying something useful for the upcoming years.
