It is despicable how calculated these criminals are and they get away with it.

@GrayPJalow

2 жыл бұрын

Clever alias! Flip in laws here. Also, good comment.

I was one of them who lost my home. Even when I was planning to sell my house pre-foreclosure, I was not given the chance to sell my house even for less money than I bought it, the mortgage provider rushed to close it. I lost my house unwillingly

@glendagraves1637

2 жыл бұрын

I hope you are somehow able to recover from that situation. You were not alone.

William Black wrote a book many years ago on the same subject "The best way to rob a bank is to own one". This and many other reasons is why capitalism in America is failing the 90% of ordinary workers.

@nomorebushz

4 жыл бұрын

Michael Berta “Evengenital” prosperity gospel... mean-spirited greed.

@thomasjackson2223

4 жыл бұрын

The concentration of financial power in a handful of giant banks is the direct result of the collapse of the savings and loan industry. Until the 1990s, there were thousands and thousands of independent banks that were the source of credit for local communities. The system of checks and balances in the banking industry was set up during the Depression to distribute capital widely throughout the country. HW Bush, as vice president, implemented the "deregulation" of the savings and loan industry. The deregulation was simple. Bush said that if the buyer and the seller agreed on the price of a transaction, then that's all that was required. Banking regulators didn't have to sign off on loans. What happened next was that thousands and thousands of criminals looted the savings and loan industry. The institutions collapsed and cost 2 trillion dollars, which was added to the national debt. at that time, the entire national debt was 2 trillion dollars. The savings and loan collapse doubled the debt. The large banks took over the entire banking industry. The Clinton administration passed a provision in banking law that was meant to remedy redlining (explicit racist policies in the banking industry). This program provided better credit terms for low income home owners. The large banks expanded this program into a mockery of it's original intent during the Bush jr presidency. Their abuse of this program was the basis for the financial crash in 2008. So criminals crashed the economy twice while they were stealing vast amounts of wealth from us. They owe us about 15 trillion dollars. Currently, the criminals are holding bonds that they bought with our stolen money, so they will profit even more from theft. Incidently, another 5 trillion in debt is due to the looting of the economy by the defense industry during the Iraq War. Bottom line, the Bush family was and is a crime family, and they enabled thousands of criminals to rob us.

@michaelbray109

4 жыл бұрын

It is not capitalism. It is oligarchy or plutocracy.

@Sophiedorian0535

4 жыл бұрын

The brand of capitalism that drives American society predates the existence of 'ordinary workers'. It is pre-enlightenment capitalism. The kind in which labour falls under the category of 'consumables'. The US Civil War was a war between enlightenment era capitalism, and pre-enlightenment era capitalism. So was the the War of Independence. So is the current war. Another name for pre-enlightenment capitalism is fascism.

@tsdunn1

4 жыл бұрын

@@nomorebushz 🤣🤣🤣🤣evengenital!? I love it🤣🤣🤣

Thank you Aaron Glantz, for this important investigation and disclosure. Every American must watch this important video. Knowledge is power!

Why isn't this in every mainstream high views media,

When I hear reports like this it makes me sick, angry, and tired.

Also in Thousand Oaks, my elderly parents had a down payment from sale of a house and good credit. They were sold a sub-prime mortgage.. After my step-father died, the interest payments went beyond my mother's my mother's ability to pay.. It killed her...

@kathypiazza7228

4 жыл бұрын

So sorry I your loss & many others. We need to fight the rich it’s so over due.

@Larkinchance

4 жыл бұрын

@@kathypiazza7228 thank you

@annjuurinen6553

3 жыл бұрын

So sorry for your loss. Financial abuse continues until we send the abusers to jail.

This needs to be turned around! Thank you for your truth and your work!!!! Great Show!

By saying this was enlightening would be an understatement .

This video should have way more views

@robertginsburg8113

2 жыл бұрын

My thoughts exactly.

Thank you sooo much for this reporting. We’re screwed, Steve Mnuchin is negotiating our stimulus package, I knew he didn’t have WE THE PEOPLE’s interest at heart, but this report of his actual actions tells us just how much trouble we are in, God Bless all of you who vote blue 💙

Bernie would have told all those bankers to f-off.

@nomorebushz

4 жыл бұрын

Mark Furst Bernie might not have said that but I would

@clarkpalace

4 жыл бұрын

UFB-NFW X i ll shock u. If u live a reasonably stable life and work hard without crazy expenses u accumulate. I know because i ve done it. At 60 i still do a basic food delivery job but i m doing quite fine. Your Bernie millionaire slur holds zero water. You may learn that over time

@mk1st

4 жыл бұрын

ian stewart I am doing just fine as well. "Millionaires" are not the problem - those that make a few million at least. It is those that make hundreds of millions/ billions by moving money around in a system they have tailored to their own needs by buying the politicians that create the very system they benefit from. These are people in a segment of society you or I will never be a part of, yet they exert massive influence on the lives millions of citizens through their political spending. If you can't see the damage someone like, say, Robert Mercer is doing to the democratic system in this country, then may I suggest you get out a bit more often. Bad mouthing Bernie because he is a "millionaire" is just proof that you have been hoodwinked into believing that he's a hypocrite. Baloney! He advocates for the ultra wealthy to pay their fair share, and, if that includes himself, so be it.

@nomorebushz

4 жыл бұрын

Get PUI Bankamerica EDD cash directly from a B of A. They are making millions off of the PUI through every state. Because it’s a pandemic assistance for everyone who needs it the bank should be donating all transfer fees to all those who need it. Ask for 20s because they do not guarantee $100 bills not to be “fake”. :-)

@Sophiedorian0535

4 жыл бұрын

He certainly would have. Equally certainly, though: they would have ignored him.

This man is correct, I had family trying to build wealth in a 6 family in Jersey City and during the housing crisis one payment was late and instead of just working with them and assessing a late fee Chase Bank had there eye on this part of JC for gentrification and accelerated a foreclosure proceeding causing them to sell at a terrible time. That same $550k property that they could've kept is now worth 1.1 million and because of Chase predatory practice that wealth is lost.

Giving the super-rich a hand out always leads to everyone else paying for it.

I knew Mnuchin was dirty, why can't these people be prosecuted for their dirty deals???!

@marybourgeois4408

3 жыл бұрын

Because they write the rules making their dirty deals legal.

This should have significantly more views

So this is what they called draining the swamp... it flowed straight into the white house.

@captain2ahab

3 жыл бұрын

America is Dagobah. There is no "draining"

@cherylalt101

3 жыл бұрын

Andy Yan with Trump in charge, where else would it possibly go? From minute one, every nomination, appointment and hire he made was about dismantling the federal government and putting money into his and his buddies offshore bank accounts. I'd love to know why these people who commit the greatest financial atrocities never go to prison. They destroy hundreds or thousands of families, but the guy selling an ounce of weed is the destroyer of neighborhoods and not only does time, but in many states, he loses his right to vote often for life. Then years, even decades later, someone like Bloomberg completely rewrites history. If I've learned anything this year, it's just how hard our government fought to keep America segregated. This video is just another part of the proof that systemic racism doesn't just occur, but it is very purposefully planned and incorporated into our laws and regulations. This is what Mitch McConnell and so many of the republicans following Trump off a cliff are fighting for so desperately...they want to keep the advantages they've had all this time and pass it on to their children and grandchildren, all the while pretending there's no such thing as white privilege, let alone institutionalized racism! Trump stopped federal training programs this week on racism calling them unAmerican and divisive because there is one thing we can count on and that is whenever there is a clear right or wrong, Trump will always choose the wrong path. The guy is like a homing pigeon for bad guys and evil acts lol!

Once again we see corporate socialism for the bankers while everyone on main st gets screwed

Square miles of homes in L.A., New York, Denver, Seattle, Portland, San Francisco, etcetera are owned by the rich as rental investments. Great place to grift on taxes.

My heart aches for what we could be...

Lots and lots of Americans get shafted. trump said he was going to fix these kinds of things, instead he hired these scoundrels Im voting for Bernie. Hopefully he wins and takes back some of this largess for the good of regular Americans

@nomorebushz

4 жыл бұрын

tina Haynes I’m voting for Bernie too!

@onopuni7864

4 жыл бұрын

🎉YAY BERNIE 🎉 Win Bernie Win🎉

@barbh1

4 жыл бұрын

He can't do everything. It's a move in the correct direction, though. IMO.

@tinahaynes696

4 жыл бұрын

barbh1 thank you

@marybourgeois4408

3 жыл бұрын

It’s now September. Do y’all still plan on voting for Bernie?

disgusting. Thanks for bringing this out for all to see.

Why is this shocking? This information is known. What's wrong with this picture is the American response or lack thereof. The willingness of the American people to watch their neighbors get thrown under the bus was and still is disturbing. The lack of laws, regulation and oversight that allowed this is disturbing. Now the pandemic is showing how vulnerable all working Americans are. Hopefully, we can now make the necessary and long overdue changes. Thanks for naming names and giving us the facts.

@Cynthia-Landers

4 жыл бұрын

@Cynthia Langley 'Hopefully, we can now make the necessary and long overdue changes.' Nope, not with republicans running anything.

Where is my pitchfork and flaming torch? :)

We are sheep led to the slaughter by grifters and we need to hold those that participated in these crimes guilty as traitors to the nation that was founded on the foundation that we are all one.

Don’t forget about $#&@% Bank of America!!

@karenmccarthy3338

3 жыл бұрын

A-effing-men ! Battled them for 7 years, we made it unlike many who couldn't fight anymore.

Thank you, Mr. Kirschner. You are doing a priceless service. Your determination to see justice prevail gives me, and countless others, hope.

This phenomenally informed man needs a much better means of getting his message out to a receptive audience. Why are ordinary people still buying Trump’s horsecrap?

@sp4rtyon

4 жыл бұрын

Karim Nagol Amen and also this is systematic it’s not just trump, it’s 2008, 9/11, Oklahoma City bombing, MLK, JFK assignations, wars, there is a group running this and it’s been ramping up since the mid 20th century every decade there’s more and more. Watch JFKs speech about secret societies it’s not a joke this is real.

@McRyach

4 жыл бұрын

People who are buying Trumps' horse-crap are very strong on identity and tribalism. Bringing rational arguments won't do much. First we need to understand what makes sense to our respondents. Bringing facts obviously doesn't. Here is a quote of Fyodor Dostoevsky explaining just that: “If someone proved to me that Christ is outside the truth and that in reality the truth were outside of Christ, then I should prefer to remain with Christ rather than with the truth.”

@jackarmstrong5645

4 жыл бұрын

Why are American's buying Trump's daily lies? Because you can easily fool ignorant children. And because the corporate news industries have became merely another entertainment industry over the last few decades.

@cherylalt101

3 жыл бұрын

And Now You Know You are right about the American system being under attack from within basically for over 40+ years. However, you are very misinformed about JFK's secret society speech. That speech is about the Cold War and the Soviet Union. You absolutely cannot try to take conspiracy theories and the view of today's world and go back and try to apply it to things from another period in history. I've seen this reference many times running around the Internet and went back and listened to that speech again and there is no doubt that JFK is talking to journalists and newspaper publishers about being mindful of what they decide to print because it could have grave consequences. He tried to remind them of the importance of their decisions about the information they may have access to without stepping on the first amendment or their freedom of speech to report certain things. It was a wonderful speech really showing Kennedy's humor and wit and what a great speaker he really was. Look up Newt Gingrich and his Republican Revolution and his plan to change the Republican Party using wedge issues to divide Americans and create more republican voters. Watch The Family on Netflix which tells a bit about behind the scenes in Washington and also discusses Gingrich and his agenda in episode four I think. He even wrote memos to teach republicans to use language to their advantage which basically comes down to name calling democrats things like traitors, unAmerican, lazy, stupid, immoral, etc. and republicans words like patriotic, intelligent, hardworking, family values party, law and order party, etc. He engineered this terrible division we have in America today and he is still closely advising Trump and his wife is Trump's ambassador to the Vatican. There was nothing secret about Gingrich though. Rush Limbaugh started around the same time screaming at men especially how they were being mistreated using sexist and racist rhetoric and parroting Gingrich's rhetoric. Also about that time the Koch brothers and others started investing in local politics creating what appeared to be grassroots groups looking to move Americans farther to the right, but they were actually paid plants by the Kochs to head these groups and insert their wishes into American communities all over. Reagan started the big government might be the real problem which sounded great to lots of people, but was really just code for sell off or do away with government provided services and privatize anything and everything. He also started the trickledown economics which Trump throws around now and then and which we are still waiting since 1985 for some of that money to trickle back down to the working class lol. It's more bullshit for movement of large amounts of wealth from the working class to the very rich which Trump has almost made a sport out of moving money the working class hasn't even earned yet to the top 1%. Finally, Reagan began the deregulation of everything the unions, Ralph Nader, JFK and millions of workers had worked so hard to legislate and put some rules and laws on corporations and what they could do to their employees, what their customers had a right to expect, and what they could and couldn't do to the land, air and water while making their products. Even Nixon created OSHA and the EPA and made a few endangered species acts on land and water. I never thought I'd think Nixon did anything admirable. It is systematic though and it's hard to look back and see how outright racist and hateful so many laws and regular practices were in the past and are actually getting worse again under Trump. Of course, I'm six months late to the conversation and dumped a whole bunch of stuff here, so if you're out there and interested great. If not, I hope all is well with your you And Now You Know and you have a great day!

@cherylalt101

3 жыл бұрын

Karim Nagol I think they still buy it because their news channel backs him up, their ministers back him up, and their republican representatives back him up, so they continue to buy the nonsense explanations for his lies. Evangelical leaders made a deal with the devil that he would get them their wish list of antiabortion judges all the way to the Supreme Court and he's tried hard and tax breaks for religious and charter schools, etc., and they in turn would back Trump allowing him to say the evangelicals believe in me even if he holds the Bible upside down and does despicable things. Now some of those leaders might wish to change their minds, but they have created basically a cult of their parishioners and are probably afraid not only would a Trump crucify them if they spoke out against him, but their own parishioners might turn on them and stand with their biblical hero, the Donald. It's very sad, and I fear if Trump loses, these fine Christians might take to the streets with their assault rifles or we'll have to kidnap them and send them to reeducation camps for cult members. Just joking or I hope it's a joke lol. Take care Karim and have a great day!

Excellent guest - thanks for the introduction to him.

My Mother lived in Thousand Oaks.. "She had good credit" and put money down.. In spite of this, they sold her a sub-prime mortgage.. When the interest re-adjusted it went beyond her annuity.. she struggled with the bank with no results. It killed her and it was auctioned 3 months after she died... Steve Manuchin bank..

Depressing is the reality of how the rich stay rich.

@eschwarz1003

4 жыл бұрын

was about to write the same thing verbatim

@johnnybgoodeish

4 жыл бұрын

You have to fuck over a heck of a lot of poor people to get rich!

@carolinaschwendener7866

4 жыл бұрын

Some solutions we may think of 🤔

@nomorebushz

4 жыл бұрын

Carolina Schwendener lhas ooo o

@nomorebushz

4 жыл бұрын

Carolina Schwendener o ok o LP po o Lu g

I never get my information from social media. PBS and ABC and NBC and CBS are my primary sources.

None of this should be a surprise to anyone who's been paying attention--or anyone who spent ten minutes looking into 2008.

Wow. Great information. This is Steve Manuchin, Donald Trump and friends? This is our great President ?

@tinahaynes696

4 жыл бұрын

Amazing information

@gregghanson6095

4 жыл бұрын

of course it is, he's always been a crook and con man.

@tinahaynes696

4 жыл бұрын

I wasn’t surprised. I’ve heard about similar scams. Heartless people. Go Bernie !

@robbrown8483

4 жыл бұрын

tina Haynes Obama presided over the financial carnage along with his banker and Wall Street buddies, none of whom were prosecuted. Trying to pin the mess on Trump ignores history.

This whole piece is great! 🤗

Dude a guy like this needs to be on joe rogan really clear and informative

I had wondered how a small cohort of Trump's appointees managed to dodge the churn of resignations/firings. This makes it clear.

The slavery of the 1700's never ended hey.. 🥺

Thanks 4 reminding public of these crimes against Americans.

Sick to my stomach!

Great interview

US citizens pay for the running of America, but some rich gain at the expense of others, while paying little tax ...

"During the New Deal Roosevelt invented the long term fixed rate mortgage that we enjoy today." (15:02)

great reporting!

When the lowest on the income ladder get raises and are treated fairly, EVERYONE benefits. Punto.

21st century? Maybe we need to have marches over this, too.

The one thing not mentioned was the real estate market driving up house prices. I know of a property that sold for 400K to a person making 55k. After it was foreclosed on, it sold for 125K it's true value. So there is more to this than just predatory loans. The whole market was involved in this scam to make it work.

@RojaJaneman

4 жыл бұрын

Ron Osga No. It’s not a scam. Not exactly. Market is mostly made up of regular people. Buying and selling. When most of these people are not educated enough to make big decisions with proper research and surety, the market is bound to fail at one point or another, given that the powerful players would manipulate them in order to take advantage. We need people to understand related finance, laws, statistics, current affairs etc. so that they can make appropriate decisions. We live in a complex world; there are great advantages and disadvantages. The only solution is for people to be educated and have just laws on books with proper authority to enforce said laws. You simply can’t blame the virus for attacking. THE ONLY solution is a strong immune system.

@ronosga5072

4 жыл бұрын

My point is if they were not asking 400k would that guy have went in and asked for a 400k loan?

@RojaJaneman

4 жыл бұрын

Ron Osga I understood that point completely. I am trying to say that people as whole drove that price up. It wasn’t just policies or greed of the banks or any such thing. That’s what they do, they manipulate the system to make profit. It’s to be expected. People are greedy too, they make bad decisions too, and often. And lazy. We. As a whole, also need to be proactive, educated, and supportive of each other as a society. If the lawmakers are churning out laws or tax breaks for mostly their friends or lobbyists we have to stop them. If the financial institutions are scammers we as a whole must punish them, not just let them go scot free with some billion dollar fine. There should be financial statements of transparency of bailouts so we as people can see and discuss. Not just watch some crazy biased pundits yelling at each other on tv. If people educated themselves and put their energy into improving our government and economy instead of fighting about guns and abortion, half our economy issues would be solved undoubtedly.

Dear Ms. Amapour, after all, your Persian ancient culture of intellectualism is coming through and serving all of us. Thank you , and greetings from north California.

@sanramondublin

4 жыл бұрын

-But, I condemn your stance on Syria. - -Your well respected late uncle, General Jaha'nba'ni and my late father were good friends.

Homewreckers, the book by Aaron Glantz, has lots of details. Good and important book.

This is pretty telling. I feel kind of irresponsible for not making more of an effort to understand what has been happening. We have been so taken advantage of and played. It’s sickening.

These "Homewrecker's" are the ones that deserve to be

Greed is such an ugly trait. Outstanding investigative journalism, which I hope will result in justice: Taking every last penny from these "Homewreckers", and putting them all into a clean, no frills prison for life. The money taken from these criminals should be used to provide homes to their victims, homes which are better-homes than they had before foreclosure, plus something for all of their pain and suffering. It is time to stop calling this type of crime white collar, and call it what it is, racists' crimes.

I tell you what, these rich son's have to be brought down. I've always knew MONEY Root of ALL EVIL. They just continue where the last one left off. Not surprised!

We lost our home to West One Bank, devastating.

Great! More of this, please! Expose these criminals for their racist businesses.

This was very educational, but in a disturbing way.

Wow it shows how we the little people are clueless about what happens in government. This guy writes this book to educate people and I am sure less than 1 % of the people will read it.

@mikekwiecien2922

3 жыл бұрын

Keep soaking up the fake news from the most corrupt Democratic Party and disgustingly bias media in US history .... it’s amazing how easily clueless liberals are brainwashed.

This guy needs to be on every American TV channel, news or not, and tell the entire population what he knows.

powerful reporting

Amanpour could you direct your CNN colleagues to this information plz thnx

@kevinherd3437

4 жыл бұрын

They would not run this story, never happen

Sounds like a system where the taxpayers end up grossly overpaying for what is essentially a subcontracted receivership.

And we keep electing such people.

@hollydowns2279

4 жыл бұрын

nope we vote according to the lies the media and the candidate tell If facts do not count how can we choose ? If they are all liars how is democracy good ? I would rather have a fair and balanced government that put tax payers 1st PERIOD

@SongofaBeach2012

3 жыл бұрын

I absolutely did not

@MR-xl5ni

3 жыл бұрын

@@SongofaBeach2012 I meant 'we'as a country.

@MR-xl5ni

3 жыл бұрын

@@hollydowns2279 Agreed. With social media it is worse.

Kushner plays the religion card to do the same thing.

I remember 2008 vividly when PBS parroted the popular refrain that it was that consumers/ buyers fault. Took a long time to look at the criminal intent involved.

Despicable. I hope that one day these elites will be held to account for the atrocities they have committed.

Even more people are living on our city sidewalks than ever before 2 years after this video. Something needs to be done

HTG, love Aaron Glantz's investigative disclosures, sweet heart deals for those that are connected, it is s----t like this that "CRUSHES" the American Dream ❗️ 😔

These banks need to be broken up and their CEO's and everyone else involved should be jailed. This was a deliberate plan for a huge real estate grab. Public banks have been shown to save millions a year and they can be held accountable for a breach of trust! Same goes for the Federal Reserve. We borrow our own damned money and pay interest on it too?!!! Thank you Aaron for the work you do!

We all are getting played from both sides of the aisle.

In a fictional novel, SM would be targeted for murder?

How is it that Mnuchin and Ross can afford to work for the federal government?

@travelnomad2128

3 жыл бұрын

Because they're working the system to suit their needs to further advantage themselves & their cronies financially. What better way but from inside the govt, don't you think??!! And trump is the mafia boss. US is a banana republic!!!

why dont they pot the homeless in all the military's bases that are closed

@RojaJaneman

4 жыл бұрын

Helen Davis Because military bases still house historic and/or classified materials/evidence. Giving access to people can open doors to snoopers. We as citizens don’t want that.

@davidschloeder5344

4 жыл бұрын

That would make too much sense.🤑

@agnesagni

4 жыл бұрын

How would they make a living, far away from society?

You. Got. To. Be. Kidding. Me. Foxtrot Uniform Charlie Kilo !

We are back in a real estate boom and I've heard 20% of the home are being bought by corporate interest. Give them free money and they have to spend it. Unfortunately it is going to raise housing cost. Repeated institutional betrayal are gutting workers.

My Mom lost $100,000 of the true value of her home during 2008. Not counting the inflated value. The government should have helped individual homeowners. They bailed out the banks so they could be predators on homeowners.

Gosh, thanks for the reminder of how shameful it is to have a label American on my passport.

I lost my home because Wells Fargo who bought my loan wouldn’t work with me while I was in the middle of a divorce. Some company bought it on key west courthouse steps for $100. My home at that time was worth $900,000 I still owed about $130,000. I hired 4 different companies that said they could work with the bank to refinance. None of them could yet I paid them appropriate $2000-4000 each. Once I hired a real estate lawyer he told me all he could do at that time was keep me in my home for 3 months till I could find alternative housing if I pay him $ 2000/ month.

Truncated version: shoulda nominated Bernie

This still resonates today. Only now, it’s local government. My county has just reappraised all residential property. My taxes are projected to increase at least $1000 this year alone--and this after a pandemic and current high inflation.

When the government took over Indymac Bank, they could have converted all those mortgages into government-backed loans to ensure homeowners scrappy enough to fight to keep their homes- like me - were protected. I had a decent conventional mortgage in 2003 and lost my job in 2006 and unknowingly entered into the subprime market when I refinanced my mortgage to consolidate debt and try to stay afloat until I found new employment. I don’t live in California; my home is in Connecticut. Then the bottom fell out in 2008. Even though I was employed by then, the reality that I now had a predatory 7.25 mortgage with little government protection sunk in. I survived another bout with unemployment from 2016 - 2018. It got so bad I that was almost in pre- foreclosure, and they would not allow me to pay arrears to bring my mortgage current. By then it was not Indymac, of course, my loan was being serviced somewhere in Virginia. I had to hire an attorney to get it current. With luck, in two years I will be able to refinance downwards, basically paying off the debt I refinanced in 2006. With the lower interest rate mortgage refinance I will qualify for, and if I live like a low-paid clerk, I should able to pay off that mortgage in a few years - just in time to retire a few years later. And because I like where I live, I will consider myself one of the lucky ones. God Bless you if you read this far.

"The reason they call it the American Dream is because you have to be asleep to believe it." - George Carlin

I was able to buy a house because of the low standards before the bust...and am thankful for it...I did not even have a job..just the 20 percent down....hung on and sold it later..bought another home recently.....would sacrifice anything t keep it

Our nation is cursed from all the corruption , I worry about the karma for this kind atrocity .

I always thought that reverse mortgages were for people who owned the property out right. It is easy to see that there are many ways that they can screw you if the bank still owns it.

It simple, glorifying real estate to the point that people hoard residential resale houses using refinancing scheme. Push investor to build new or participate in manufacturing. Change the regulations, limit ownership per individual.

How can we UNRIG this system??? As I have always said, the entitled political class and their friends and business partners win win win and ordinary Americans are suffering. I cannot stand these politicians!! From now on, NO MORE homes should be sold to home equity firms, but they should be given or sold to ordinary citizens at an extreme discount. Citizens are subsidizing these losses so they can make gains. This is why I admire Andrew Yang who realizes ordinary Americans should receive gains too because WE are paying for this because we are shareholders.

@danafarrar3583

3 жыл бұрын

One thing we (all of us who are not 1%) can do is refuse to turn on each other.

My sister in the UK worked for Lloyd's Bank. When I with others could not get a bank account from Levita House, Holborn, London I went to my sister. She told me the banks have areas marked in black others marked in red. We were in the wrong colour underline. Only after my sister intervened did I get an account with Lloyds on her personal recommedation. Since then I have always had savings up in the 6 to 8 thousands.

It's hard to not feel defeated and powerless in this country.

Home ownership peaked by giving credit to those who previously weren't credit worthy.

Research shows that in terms of the black community, there were many bad loans made before the 2008 crash, with these bad vehicles, to people who were eligible for better loans. But they didn't even get offered these loans because black people were targeted.

Geez you didn't know that we all now live in Pottersville. It is a wonderful life, If you're Mr Potter. George Bailey was just a myth from the depression years.

Please, poner en KZread, la versión con subtitulos en español que se transmitió el domingo 08/02/2020. Gracias

Fascinating and sad. This will probably happen again in this economy. How do we keep it from happening again and how do we get the homes to go to single families or one of the better options?

#AbsolutePowerCorrupting And now, with a Global Pandemic & Economic calamity to follow, how will this recent History, repeat itself yet again? Will we ever learn, to address the Policy/Laws, which allow the Financial Industrial Complex to perpetrually fleece it's clients/customers? #Housing #HousingCrisis #TruthToPower

We need laws that require people to live in the houses they own. Can not own more than two homes. Period.

Gain from the swamp

It's not uncommon for governments to sell financial institution for nothing as long as those who purchased them invest money to keep them afloat. It's important to remember that the cause of the 1930s Depression was loss of confidence in the banking system.

What was that 2016 call about draining the swamp?

So we know what the problems are, does anyone know how to fix them in this great democracy?

10 months before the release of Aaron’s book, HBO and Vice aired a film documentary, Panic: The Untold Story of the 2008 Financial Crisis. If Aaron’s right, Donald Trump, Steven Mnuchin and others must face life in prison, several times over. And, HBO and VICE will have to add a part two to close, what Aaron points out, is still an unanswered question.