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Even though the 99% also saw gains, the very rich pulled further ahead, increasing inequality and by definition, decreasing democracy. Because we have to choose; either massive income and wealth inequality where the donor class buy elections; or democracy. This inequality is DESIGNED by the donor class and we get what we deserve when we continue to vote for their puppets in both parties. Only Bernie Sanders was beholden to no one but the people in this election and fought for the 99%.
Thank you Obama...borrowing Trillions from the Chinese and giving to the Wall Street banks that supported him has helped enrich people like me.
I agree. But they can't because that will trigger another round of mortgage defaults and cause another mortgage meltdown and subsequent financial crisis. That is, unless the Federal Reserve creates another $4-6 trillion in QE to buy and hold GSE MBS and just lets those wither away, as well.
HUD's "Affordable Lending" program easy money to what should have been unqualified home buyers thoroughly screwed the economy, and it's the crappy gift that keeps on giving.
You didnt even bother to read. The rich pulled further ahead in percentage terms.
The donor class is laughing at working class folks who defend them and vote for their puppets. They dont care about people like you, so why defend them and vote for their puppets?
Of COURSE I DIDN'T READ IT.
It would have been a waste of time.
Just another liberal whining.
"somebody working succeeded. Oh something is wrong! Where is mine? Woe is me.
"The donor class is laughing at working class folks"
Have you seen this personally?
How many have you seen?
Or just whining because someone ELSE has succeeded while you haven't.
"They don't care about people like you," I don't EPECT then to. Why should they?
AWW are your little feelings hurt, because you think they don't care about you?
I agree. But they can't because that will trigger another round of mortgage defaults and cause another mortgage meltdown and subsequent financial crisis. That is, unless the Federal Reserve creates another $4-6 trillion in QE to buy and hold GSE MBS and just lets those wither away, as well.
HUD's "Affordable Lending" program easy money to what should have been unqualified home buyers thoroughly screwed the economy, and it's the crappy gift that keeps on giving.
The government created a program to assist those in bad loans restructure them so surely these loans have all been accounted for......or as I've long said, did the banks just pocket this money or use it to pay back Tarp in a shell and pea trick?
The government created a program to assist those in bad loans restructure them so surely these loans have all been accounted for......
So... why are there tens of thousands of homeowners who are 5+ years behind on their mortgage payments and getting their homes for free because the statute of limitations has run out on foreclosures?
Quote:
or as I've long said, did the banks just pocket this money or use it to pay back Tarp in a shell and pea trick?
Banks? The Federal Reserve created $2 trillion in QE to buy GSE MBS, not bank-issued or Wall Street-issued MBS.
You didnt even bother to read. The rich pulled further ahead in percentage terms.
The donor class is laughing at working class folks who defend them and vote for their puppets. They dont care about people like you, so why defend them and vote for their puppets?
Seriously, do you talk like this to your coworkers or at social gatherings? I'll bet people try to exit when they see you coming!
Seriously, do you talk like this to your coworkers or at social gatherings? I'll bet people try to exit when they see you coming!
Lol, you dish it out, but you can't take it. You dont have any arguments, just a barrage of insults. That proves that you know you cant defend your position.
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