This was caused by the government forcing the banks to make loans to people who had no chance or in many case even intent of paying them back
Zero interest rate
This is set by the Feds
HFT front running
This is actually one that need addressing,
Purchased our representation in government away from us
Come on now. EVERY industry does this.
Your problem is that you're blaming the wrong entity - the banks. The real criminal enterprise behind all of this is an out of control government.
>> Zero interest rate
> This was caused by the government forcing the banks to make loans to people who had no chance or in many case even intent of paying them back
No it wasn’t, that was just the marginal stuff. It was caused by reckless easy money policies combined with wall-to-wall fraud. Look up Countrywide, Linda Green, robosigning, mortage-backed-securities fraud, and so on.
>> Zero interest rate
> This is set by the Feds
The Federal Reserve is OWNED (actually, not just metaphorically) by the Wall Street banks. It acts on behalf of those banks.
>>Purchased our representation in government away from us
>Come on now. EVERY industry does this.
Not to the extent that Wall Street does it. Goldman Sachs, JP Morgan, and Citibank, along with a host of other large banks, are top sources of donations to almost every legislator on the federal level.
I’m afraid I have the situation assessed accurately; I should know, as I’ve been studying it with fascination for years. The government doesn’t exist in a bubble, it answers to sources of large donations, and there is no bigger such source than the big banks.
Housing bubble
This was caused by the government forcing the banks to make loans to people who had no chance or in many case even intent of paying them back
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Not at all , you must be a Rush listener , he believes this too but he gets his info from his Palm Beach neighbor , Wylbur Ross , who is neck deep in the mortgage fraud , very few loans went to those inner-city areas... Wall Street found a way to corrupt the land title system with MERS which enabled them to play 3 card monty with the deeds and notes ,, keeping themselves in the middle with faked , never funded trusts and the associated agents of those faked trusts ,, separating the investors from the borrowers to control the information flow. The flood of Wall Street money with them able to get fake AAA ratings on the financial products they created just kept growing the bubble in a vicious circle... Now our land records are trashed , every foreclosure on a loan from 1999-2008 is filled with fraudulent documents and we are being screwed (not just those being foreclosed upon but those whose land records are messed up and who had to pay bubble prices due to the fraud https://cloudedtitlesblog.com/tag/dave-krieger/ ).