The Guy Who Screwed America’s Economy Hearts Hillary Clinton

[think]

The Guy Who Screwed America’s Economy Hearts Hillary Clinton

By Michael Daly - 04.26.16 12:00 AM ET

The man behind Goldman Sachs’s infamous bets on the housing collapse now buys foreclosed homes and rents them out—but not to anyone convicted of a financial crime. He’s also a big Clinton donor.

Wall Street is buying Main Street one foreclosed home at a time.

The houses—more than 200,000 of them—are then rented to folks who continue to struggle in the aftermath of a near financial collapse in 2008.

And one of the leading figures in Wall Street’s scavenging of the wreckage created by Wall Street is also a big-time backer of Hillary Clinton.

His name is Donald Mullen, and he was once the global head of credit at Goldman Sachs. He was credited with devising the infamous “big short,” by which the firm bet bigger than big that the housing market would collapse even as it was urging customers to invest in it.

“Sounds like we will make some serious money,” he famously emailed colleagues in 2007, at early signs of the impending implosion...

~Snip~

The new firm came to be called Progress Residential. The name takes on an added resonance when you visit the website of the major pro-Clinton super PAC Priorities USA Action, to which Mullen contributed $100,000 in June. You are welcomed by a picture of a smiling, waving Hillary Clinton and a message:

“The story of America is one of hard-fought, hard-won progress. And it continues today.”

Read more:
http://www.thedailybeast.com/articles/2016/04/26/the-guy-who-screwed-america-s-economy-hearts-hillary-clinton.html

[Uncle Joe]

1. You can rent for 50 years and at the end of that time,

you will own fifty years of rental receipts.


Thanks for the thread, think.

[think]

2. Great quote Uncle Joe. /nt

[AZ Progressive]

7. TBH, you never actually own your own house

Property taxes are usually $350 or more a month, and just try not paying your property taxes. Eventually the county will seize your house and sell it. Thus, even after you "pay off" your house, all you really get is just cheaper rent.

[Uncle Joe]

8. Using your logic, you never actually own your salary, you pay taxes on that well.

Property tax is dependent on the value and location of your house, my property taxes run more along the line of less than a $100 per month.

You do own your house, despite paying property taxes, should you sell it, the equity is your money.

Renters pay property taxes, it's just a pass though, the owner of the property is the middle man.

Not to mention there are tax benefits to purchasing a home versus renting which can help offset some of your property taxes.

You have much more control in owning versus renting.

[BernieforPres2016]

3. Where is this Michael Daly fellow going to work after Chelsea's IAC fires him?

And how did he get that article into the Daily Beast?

[think]

4. Not sure. But sure glad he had the guts to publish it. /nt

[ChiciB1]

5. WELL, This Message Needs To Be Put In RED LETTERS!

This country is so, so, so VERY FAR from standing for WE THE PEOPLE that I honestly believe EVEN MORE people will NOW begin to feel REALITY and maybe STOP supporting ALL that these people who have been part of this for way to long!

Numbers "say" THESE two people won... but are the numbers real, legal or even fair?? Too many people are far too suspicious of ALL THE VOTING irregularities and will NOT BE GOING AWAY!

[think]

6. It's a sad state of affairs to say the least. Hillary is bought and paid for by corrupt corporations

[Dragonfli]

10. True, and added to it the fact she is a neocon besides, our future appears to be quite bleak.

The fix is in, there is documentation of it, so at this point unless the cheating were to be reversed and were to stop today, the "shenanigans" will continue to insure she will get the nomination over the will of the real votes.

If she does not maintain control of "election irregularities" during the General Election but rather the GOP does, or they reach an agreement to leave the votes alone save for ID laws of states (more shenanigans), but hard to fight as they are State laws rather than other, more clandestine "shenanigans".


We will be running the most scandal ridden, untrusted, and disliked candidate the party has run since polls have kept track of such things which is far from encouraging. This odd belief that those new, young and previously disillusioned for other reasons, usual non voters will switch from Sanders that inspired them to actually become involved in politics will magically vote for her, the poster person for why they are apathetic to politics and voting is delusional, no matter how much he endorses or campaigns for her, as she has already stated in no uncertain terms that she will not adopt the policies that attracted them in the first place.

He even tried to warn her that he can not "give" them to her, no matter what he does but she would have to earn their votes as he did.

Our only hope appears to be that the republican will be even more unfavorabe than her current 57% (likely to worsen after real rather than imagined negative campaigning against her). and even more untrusted than her (good luck with that).


The party deciding to rig this from the start for her will lead to losses in both the the House and Senate, likely even the loss of the presidency, and will shrink the party from 29% of the population to a much lower number.

Were it not for corruption and it all being more about money than the party or even winning, the party would have promoted them equally, would not have rigged elections as I believe they have, and Sanders could have significantly grown the party with all the new Democrats he was bringing into the fold.

Poor choices often lead to unfortunate consequences.

Hell, the party even kicked me out against my will and I was a registered Democrat for 37 years! That was just stupid.
Changing peoples party affiliation (without consent or even notification as they did with me and I've heard many others) away from registered Democrats is part of the reason the party will be much smaller after this cycle.

[2banon]

9. awww. isn't his endorsement so charming?

c'mon you commoners! you just got love this story!

[wyldwolf]

11. The Guy Who Screwed America Hearts Bernie

If you see shades of Ralph Nader’s presidential campaigns in Bernie Sanders’s campaign, you’re not the only one. Nader jokes to Newsweek that, when it comes to Sanders’s outsider campaign against Hillary Clinton for the nomination, “sometimes I think he’s plagiarizing me, but he’s been at it for a long time.”

Of course, there are big differences. Nader always ran on a third-party ticket, either as an independent or with the Green Party, and Sanders is running as a Democrat. “He’s scandal-free, which is really quite remarkable for a serious candidate for president in the two parties. He knows what to say and what not to say, he’s a very good candidate.”

http://www.newsweek.com/ralph-nader-bernie-sanders-416654

[hobbit709]

12. What a load of bullshit.

[think]

13. Mullen contributed $100,000 to pro-Clinton super PAC Priorities USA Action.

Blaming Nader is for Bush becoming president is pathetic and weak.

More importantly it has NOTHING to do with the money and lobbyists behind Clinton. Clinton is running for the highest office in the land and has to appoint people to police and regulate the corrupt TBTF banks. These are the very people she's taken millions from in cash and the ones dumping cash into her super pacs.

This is about corrupt Wall Street banks that defrauded it's clients and bet against the American economy who are paying huge amounts of cash to have Hillary win.

Goldman Sachs admitted defrauding it's investors and let them buy worthless derivatives while secretly betting against the crap they sold.

How Goldman secretly bet on the U.S. housing crash

Highlights:

In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers that it also was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting. Now, a five-month McClatchy investigation has found that Goldman's failure to disclose those secret bets may have violated securities laws....


Read more:
http://www.mcclatchydc.com/news/politics-government/article24561376.html

[GummyBearz]

15. So boring I forgot to yawn

[AzDar]

14. K & R