I decided to take a look at executives involved in the 2008 financial crisis, which crushed the American dream for millions of families, only to find out, most of them are thriving in Trump's America
Many years ago, I recall listening to an NPR interview with a former head of a Federal agency charged with investigating the S&L debacle of the 1980’s. He described a whole infrastructure set up to squeeze money. Senior managements knew exactly what they were doing. CEOs were compensated on the volume of mortgages coming in the front end with no penalty to mortgage failures on the backend. Appraisers that failed to inflate property values found themselves without work. He described a scam from start to finish.
It may be true that they “did nothing illegal”, and if so it’s because the lawmakers, ie the politicians, and the regulators have been captured by bankers and other wealthy interests to ensure their egregious and immoral predatory behaviour is free of legal consequences.
The picture at the bottom of your report — even if total AI — is pitch perfect. Disgusting (if well written) report, HSC.
Sorry I can’t make the 3am call tonight.
Thank u so much!
Many years ago, I recall listening to an NPR interview with a former head of a Federal agency charged with investigating the S&L debacle of the 1980’s. He described a whole infrastructure set up to squeeze money. Senior managements knew exactly what they were doing. CEOs were compensated on the volume of mortgages coming in the front end with no penalty to mortgage failures on the backend. Appraisers that failed to inflate property values found themselves without work. He described a scam from start to finish.
It may be true that they “did nothing illegal”, and if so it’s because the lawmakers, ie the politicians, and the regulators have been captured by bankers and other wealthy interests to ensure their egregious and immoral predatory behaviour is free of legal consequences.
Is this part of why? (apologies if duplicate)
https://www.youtube.com/watch?v=Zn86C4ZwBSg
Another shoelace helping tie it all together?:
https://www.youtube.com/watch?v=Zn86C4ZwBSg