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How Wall Street-Funded Self Help Propaganda Greased the Real Estate Bubble


By Patrick   Follow   Tue, 23 Oct 2012, 11:14am   432 views   6 comments
In Menlo Park CA 94025   Watch (0)   Share   Quote   Permalink   Like (1)   Dislike  

http://exiledonline.com/recovered-history-wall-street-funded-self-help-propaganda-greased-the-real-estate-bubble/#main

Fun page to read, even if there is a donation-begging pop up timed to annoy the shit out of you once you start reading.

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  1. SkyPirate


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    Atlanta, GA

    1   1:43pm Tue 23 Oct 2012   Share   Quote   Permalink   Like   Dislike  

    Awesome. I wish online activists got together to buy a few thousand copies at .50 each and mail them all to Oprah, who told her audience to buy this guy's books. I wonder how many of them did... and how many of them are now in foreclosure or underwater because of it.

  2. Mick Russom


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    Belmont, CA

    2   1:58pm Tue 23 Oct 2012   Share   Quote   Permalink   Like   Dislike  

    In a consumer based economy, the more money that goes towards food, rent, mortgage, commuting, commodities, etc, the less disposable income there is. Simple.

    And with 70% of commerce here based on consumerism, the pinch we are seeing means drastic decreases in the standards of living.

  3. 37108605


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    3   2:50pm Tue 23 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike  

    SkyPirate says

    Oprah, who told her audience to buy this guy's books.

    How do you spell Suzy Orman?

  4. SkyPirate


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    Atlanta, GA

    4   3:01pm Tue 23 Oct 2012   Share   Quote   Permalink   Like (1)   Dislike  

    Look what I found...

    http://youtu.be/HvpvABQpT1I

    Someone needs to make this go viral.

  5. SkyPirate


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    Atlanta, GA

    5   3:04pm Tue 23 Oct 2012   Share   Quote   Permalink   Like   Dislike  
  6. Zakrajshek


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    Chico, CA

    6   8:47am Wed 24 Oct 2012   Share   Quote   Permalink   Like   Dislike  

    Obama was negligent in not prosecuting many of these rotten bankers (especially Mozillo from countrywide) yet they all walked and kept the money. It could cost him this election as many now feel he is aligned with wall street.
    When the non stop countrywide TV ads were airing in the mid 2000s saying "nobody can do what countrywide can" I would call the 800 number on the screen and complain that they were ruining America with their liar loans. They'd retort that all of their loans were solid and the borrowers were well qualified... Liars.

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