Homewreckers

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Journailst Aaron Glantz'  book,  Homewreckers,  lays out how the Trump regime have created a Plutocracy.. Fascinating interview on KQED's Forum program:

>The American economy has largely recovered in the decade since the recession, but homeownership remains at a 50 year low. In his new book "Homewreckers," journalist Aaron Glantz details how financial executives profited from the devastating foreclosures of the 2008 housing crash, buying up hundreds of thousands of homes and becoming massive landlords, often with help from government subsidies. Glantz explains how those same executives -- including Secretary of Commerce Wilbur Ross and Secretary of the Treasury Steve Mnuchin -- are now shaping the rules of the industry to protect the wealth they accumulated during the recession. Glantz joins Forum to talk about "Homewreckers" and how the erosion of homeownership in the last decade has created widespread financial insecurity.

 

Listen here: https://www.kqed.org/forum/2010101873984/bankers-profited-off-homeowners...

Get better jobs. 

Why wouldn't you want a better job, Slacker? Even if you could afford to buy a house, would your income pay the bills? And housing has always been pricey in the Bay Area,

These Plutocrats made it more so after 2008..

Gov't Mule 12/30/10 Beacon - Feel Like Breaking Up Somebody's Home w/ Brad Whitford
https://youtu.be/IVZwcyeAU2o

Picking strawberries is a good job. California eats strawberries.

ha.

normal working class californians have been cut out of homeownership since clinton times, if not before....

 

these dicks just adding to the fuckery.

but, but THE Clintons?! Nice work, Comrade Turtle. 

You can trace the "plutocracy" in this country back to its founding by wealthy landowners in 1776.   It got better, especially with FDR's "New Deal" and LBJ's "Great Society," but it has since gotten worse starting with Reagan.  

lol, you made me laugh nanc.

oh yeah, obamma didn't really do shit either.

oh, except use our tax $$'s to bail out wall st.

the other marginal social issues were stonewalled by mcconnel and co.

 

 

 

 

^^ hahahaaaa still tryin to hump that doorknob I see

Southside Johnny & the Asbury Jukes - Better Days
https://youtu.be/SDfkcha07sU

Turtle time to get TF off that doorknob. It was not Obama but that repub shining star Dubya Bush who bailed out wall street , aka the banks. I've hammered our resident right wingnut imbacils numerous times for trying to misrepresent facts, don't align yourself with ignorance just for lack of paying attention. Obama bailed out Detroit, most of which has been returned.

 

Emergency Economic Stabilization Act of 2008 - Wikipedia
https://en.m.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_...

Doorknob lol ok pal.

however it appears your are correct in wall st being bush. 

Good thing for the internet, you can google who fucked whom when...
 

 

 

https://www.democracynow.org/2019/10/15/aaron_glantz_homewreckers_book_h...

 

https://www.democracynow.org/2019/10/15/aaron_gantz_steve_mnuchin_housin...

 

obama certainly did his part to bail out his banker friends. forced a lot of people out of their homes, let trumps friends loot out country. 

 

this is what happens when corporate politicians call the shots for their rich friends. 

reagan. 

Sr. 

Clinton. 

W. 

obama. 

they all did it. 

bernie won't  

 

Trying to suggest that Obama wouldn't have done the same thing (re: bank bailout) as Bush is crazy. Pelosi, Clinton, Schumer, Reid, Feinstein and all the big dems, including Obama voted in favor for the bailout.

Not to mention that under Obama, the Federal Reserve Bank purchased approximately $4.5 trillion in debt securities onto its balance sheet, in order to push interest rates down artificially, which was in effect a massive transfer of wealth to the richest of the rich, as cheap money was used in massive corporate buy-back programs and the purchasing of securities after the market downturn.

Obama's presidency also saw an additional $9+ trillion added to the national debt, with the added debt to fund expanding middle east wars and the fraudulent "Affordable" Care Act, among other things.

 

^^ no doorknob is safe around here

^rebuttals are hard when ya have no leg to stand on?

 

^ Blah blah political hogwash blah. Why everytime you pop in here brother lassen you're talkin bout the same ol shit ? Ain't nobody changing anyone's mind here, so lets find some common ground important shit we can all agree on. 

Like the Mule coming to the Palace !!  

Consistency is a admirable quality, no?

Mule at the Palace sounds awesome- i'm 90% probable of hitting the show. Will let u know.

 

After I helped a  client get her bag of groceries at the local charitable food pantry yesterday, one of the volunteers let me know that the client I was serving  lives 3 doors down from her, in a 3 million dollar home.

she’s been the home owner for years, recently lost her job and can’t  afford to buy groceries. 

the client was nice enough and  I except this will be a short term solution for her. there’s plenty of food at the pantry to go around.

 The other clients are mostly homeless, suffering from chronic illness, mentally ill and/or drug addicts. Some are recent immigrants with little or no English, many working poor, many have modest living situations and are stretching their food stamps, and down on their luck. 

owning a 3 million home in the Bay Area, count as being down on your luck?