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Most people who are happy to see people losing fortunes on the market suffer from wealth envy.
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Perhaps, but did they actually have those fortunes in the first place? Or was it worthless paper that could be used to borrow real money? I think that is the root of the problem. I don't think it is wealth envy as much as a sense of justice kicking in. Wait until these guys try to write off the "losses" they supposedly suffered on their income tax. I am not sure how sympathetic the IRS will be.