Obama,
when the criminal banksters knowingly totally wrecked the financial system for personal gain through absolute fraud, lying, cheating, stealing, etc, not only did he not punish any of the criminal mob, but he stole over a trillion of the citizenry's money from the Fed to cover all their gambling losses 100 cents on the dollar.
then once he and the banksters realized how unbelievably easy it was to rob Ft Knox after all, he took trillions more of the citizenry's money and gave literally all of that to the banksters and billionaires and investor class, and not so much as one cent to Joe Worker.
then he stood by and gave the banksters a polite golf clap and a "well done, good job", when the banksters then proceed to foreclose on all the homeowners put out of their jobs by the bankster caused collapse, after the banksters had promised not to do so, as a condition of their trillion dollar bail out of their SELF IMPOSED gambling losses.
then he gave the banksters and billionaires and the investor class trillions more just for good measure, while continuing to give Joe Worker exactly zero, and continued to piss directly in their face every chance he got.
How easy it must be to live in the binary world of “Joe Worker” on the one hand and “banksters and billionaires” on the other.
Why exactly was Joe Worker taking out mortgage loans they didn’t have a prayer of being able to pay back? Does personal responsibility ever factor into your work view for a second or is it all Wall St. is evil all the time?
Joe Worker was fine until the adjustable rates got adjusted.
and the Joe Workers of the country trust their real estate agents and mortgage brokers to not mislead them on things the RE agents and mort brokers are experts on, while those things aren't really Joe's expertise, thus why he trusted those he assumed were counseling him honestly.
and Joe Workers loans were all collateralized by the homes they were on, and little of the 2008 financial meltdown came from those loans.
but then you, Jamie, Lucy, and McM already knew that, or should have before ever chiming in..
but strange you didn't ask why the banksters themselves made bets they
KNEW would be losers, with
NO collateral on them, that the nation's biggest banks and insurance giants themselves couldn't cover, and would literally bankrupt the nation's biggest banks and insurance giants.
in fact, for every $50 grand in collateralized home loans, the banksters and big insurance bet $1 mil in literally casino bets with zero collateral, so literally $4 mil of the banks' and insurance company's money was bet on every $200,000 home, and only Joe Workers $200,000 home loan had any collateral backing.
and the banksters were so beyond belief corrupt, that they were
shorting the very mortgages they were selling to pension funds and Joe Investors, assuring the pension fund managers and investors the mortgages were A1 investments, when they flat knew for fact the mortgage funds were bad and would go to zero, at the same time they were conning the pension fund managers into buying them.
and for deliberately cheating and cleaning out the nation's pension funds and bankrupting the nation's big investment banks, Obama gave them all millions and tens of millions of the citizenry's money as bonuses, on top of paying off their trillion in gambling losses 100 cents on the dollar, instead of throwing them in prison and confiscating all their assets to cover their fines, as he would have done to any common crook, and should have done to the criminal banksters.
and he didn't give so much as one cent in help to Joe Worker, who's house he just let be foreclosed on by the banksters who promised not to do so as a condition of their trillion in bailouts, and millions and 10s of millions EACH in gifts from the very citizenry they already stole from, as bonuses.
but you, Jamie, Lucy, and McM, aren't bothered at all by that i see.