Good find. But somebody forgot to tell Christopher Jared Warren to blame all of his actions on the government forcing him to make subprime loans, which has become Received Wisdom around here from people who never even knew there was a housing bubble until months after it blew up.
Warren’s confession is the sort of story I heard many times during the bubble. One of my clients had learned his craft at Ameriquest and had left to start his own subprime brokerage. My neighbor owned another subprime shop, as did my friend’s daughter. At the peak of the madness they were living in million dollar houses and driving Maseratis. The problem is they believed that the easy money would never end and they ended up broke, which I suppose is some kind of poetic justice.
"According to my opinion, and the opinions of many defectors of my caliber, only about 15% of time, money, and manpower is spent on espionage as such. The other 85% is a slow process which we call either ideological subversion, active measures, or psychological warfare. What it basically means is: to change the perception of reality of every American that despite of the abundance of information no one is able to come to sensible conclusions in the interest of defending themselves, their families, their community, and their country.It's a great brainwashing process which goes very slow and is divided into four basic stages.The first stage being "demoralization". It takes from 15 to 20 years to demoralize a nation. Why that many years? Because this is the minimum number of years required to educate one generation of students in the country of your enemy exposed to the ideology of [their] enemy. In other words, Marxism-Leninism ideology is being pumped into the soft heads of at least 3 generation of American students without being challenged or counterbalanced by the basic values of Americanism; American patriotism..."--KGB Defector Yuri Bezmenov--Soviet Subversion of the Free Press (Ideological subversion, Destabilization, CRISIS - and the KGB)