Trump on Housing Crisis: "I Sort of Hope it Happens..."

Discussion in 'General Discussion' started by georgephillip, Oct 15, 2019.

  1. georgephillip
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    georgephillip Platinum Member Supporting Member

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    Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?

    https://www.amazon.com/Homewreckers...p;creative=165953&creativeASIN=0062869531

    "Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."
    [​IMG]
    "KIRKUS REVIEW

    "A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

    "The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.

    "Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."

    It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.

    Too Much Winning or Drain the Swamp?
     
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  2. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    "A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"

    Yeah, lenders LOVE it when people default on their loans. DURR
    Banks lost trillions.
    Moron.
     
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  3. miketx
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    miketx Diamond Member

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    Even more not surprising is you idiotic loons posting non stop half-truths and lies.
     
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  4. Dick Foster
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    Dick Foster Gold Member

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    So now you're whining about what Trump said in 2005 or 6? You really are desperate, aren't you? Do you even remember what you said in 2005, dumbass?
     
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  5. georgephillip
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    georgephillip Platinum Member Supporting Member

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    How much did Trump, Ross, Mnuchin, Barrack and Blackstone lose, Loon?
     
  6. Mac-7
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    Mac-7 Senior Member

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    Trump had nothing to do with the collapse of the housing bubble in 2007

    That was caused by do-gooder liberals who insisted that banks loan money to poor people who cpuld not make their house payments
     
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  7. georgephillip
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    georgephillip Platinum Member Supporting Member

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    HOMEWRECKERS by Aaron Glantz | Kirkus Reviews

    "Occasionally, the author shifts the narrative to Sandy Jolley, a cheated homeowner who gathered copious amounts of information, found a lawyer willing to present her damning case to the federal government, and stood to gain substantial damages from the bankers under a law meant to reward whistleblowers.

    "As Glantz relentlessly builds the indictment against the bankers, he wonders why law enforcement agencies failed to take any meaningful action. 'It’s hard to imagine [deals] so perfectly designed to lazily allow the government to undercut working-class Americans on behalf of a small group of billionaires,' he writes, 'but that is exactly what happened again and again.'"
     
  8. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    You should ask them.
     
  9. georgephillip
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    georgephillip Platinum Member Supporting Member

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    You believe real estate speculators played no role in creating the Great Recession?
    [​IMG]
     
  10. toobfreak
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    toobfreak Gold Member

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    Oh the horror. Eleven years ago Trump was one of about a billion real estate businessmen who saw the housing collapse as an opportunity to buy low and sell high. Hold the fucking presses. He would have been one hell of a sucky businessman and CEO if he had passed up that opportunity.

    I mean, it's not like Trump is the one that put these people in homes they couldn't afford, foreclosed on them or kicked them in the streets! The democrats did.

    You know George, I hear that in the 9th grade, Trump also used to dip girl's pigtails into inkwells! :eek:
     
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