On Sat, Jan 11, 2025 at 2:17 PM Alan Grayson <[email protected]> wrote:
*> What isn't being discussed is the likely banking crisis as a result of > these fires. With entire neighhoods burning out of existence, I wouldn't be > surprised if there's a Trillion+ dollars of bad debt being created, as > homeowners default on their mortgages.* *The figure I've heard is $135 billion in fire damage, it would take more than that to cause a banking crisis. * *John K Clark See what's on my new list at Extropolis <https://groups.google.com/g/extropolis>* cbc -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion visit https://groups.google.com/d/msgid/everything-list/CAJPayv0uuiF7cGFgEh2p7sOYv%3Da6mmCoAj%2BZuHPwg0yhvvcRGQ%40mail.gmail.com.
