theunbubba
Member
- Feb 28, 2009
- 560
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And finally..from the same article.
I was going to expose these people who were taking advantage of the rest of us. What she found, after conducting with two colleagues one of the most rigorous bankruptcy studies ever, shook her deeply. The vast majority of those in bankruptcy courts, she discovered, were from hardworking middle-class families, people who lost jobs or had family breakups or illnesses that wiped out their savings. It changed my vision, she said. She would chart the disintegration of government policies that, since the New Deal, had helped create perhaps the strongest middle class in the worldin particular, the deregulation of the banks that began in the 1980s. It was a process that she says transformed the middle class into the turkey at Thanksgiving dinner, carved, pulled from, picked at, something from which everyone could make a profit. Her research into how that profit was made would take her into the world of subprime and teaser-rate mortgages, huge credit-card and checking-account penalties, and everything that was buried deep in incomprehensibly worded fine printthe tricks and traps, as she calls them, that banks used to lure people into increasingly risky credit products. It would be her immense knowledge of banking practices that would make her such a dangerous and natural foe to Wall Street.
That last sentence in bold. Why the right is trying to marginalise her by making shit up, or trying to make issues out of things that aren't even issues - ie her native American ancestory. Talk about the dance of the desperate...
This is just propagandist stupidity. Guess what the "vast majority of Americans" are? Yup, "middle class". So where the fuck do you think most of the bankruptcies would come from in that kind of statistical sample?
Dumbasses.