A brief history of recent US financial frauds.

Most of us have been there where our lives have been slammed by the frauds created on Wall Street.

This is my story of that history, replete with the #DamnedFacts and citations.

Yes, I was almost one of those examples of perfectly normal, perfectly responsible folks becoming homeless through zero fault of their own… let me tell you a little story of oligarchy and Kleptocracy which I know tens of millions of other folks are still experiencing on a daily basis.

See, it’s like this…

Throughout my life I’ve been told that I need to save for retirement and I did. I used small savings and loan banks initially because I believe in keeping my money working in my community. I also invested in the stock markets because that was the only way to beat inflation which I had access to.

So I saved from day 1 of my working life. In 1986 I’d built about $20,000 after 8 years in the work force. The Savings and loan crisis stole all but $6,000 of that and it “vanished” into the gaping maw of Wall Street.

By 1995 I’d built my own business and was doing quite well. By 2000 I owned a home, and had over $100K in my retirement savings, most of which was invested in Wall Street via a Wall Street managed retirement investment account. Then came the Dot-com bubble. It wasn’t just the highly speculative Dot Com companies which failed here. It was also most of their supposedly “safe investment” suppliers and vendors, and the suppliers and vendors of those companies, which got killed as the dot commies tanked hard and quit buying anything while they filed for bankruptcy protection.

The auto manufacturers, dealers, and home builders (along with all of their, now laid off, employees) got hit hard too because suddenly no one was buying cars or homes.

We literally had Master Carpenters and other high level, highly skilled, tradesmen who had been earning over $45/hour (equivalent to $72.84 now in 2017) roaming the streets of better neighborhoods knocking on doors and trying to find ANY rat work at $15/hour.

Because of those Wall Street created ripples I lost well over $60,000. Also at this time the gal I’d bought the house with (whom I’d been with over ten years) found an old high school flame, and decide she’d rather do him… so we split. The one saving grace here was that we weren’t married and didn’t have kids so I didn’t get screwed on the house too badly. I did take a year “off” where I worked just enough to cover my bills, in order to recover my sanity and sort my life against the values/conditions I’d been living in. I also quit drinking at that point… but that’s another story.

Now… what’s interesting here is that in this latest ’06 crash the company managing my investments for me (because I can only be expert in so many things) lost not one stinking dime* from this crash, and not one of those highly paid “expert” persons ever went to prison. * Yea, they missed some profits, but they didn’t “lose” their capital through their gross negligence in allocating my investment money, and are now bigger than ever. Plus the laws are rigged so that I couldn’t even try to sue them to recover the losses they caused me with their gross, intentional, negligence and blatant fraud in selling me Reverse Derivative REIT stocks.

Goldman’s SEC Settlement by the Numbers: We Do the Math — ProPublica

So… I took my year and change off, went down to southern California with a buddy and lived the easiest life I could for a bit. At this point I’d lost over 2/3 of my hard won retirement money twice in under 20 years, and was completely fed the fuck up with Wall Street’s Three Card Monte,* lies of saving my way to retirement. In each of those three decades I’d have been far better off had I played that money at the black jack tables in Vegas or Atlantic City. The odds at black jack then were such that the House walked away with about 20% instead of the +60% Wall Street had stolen from me… twice now.

*Three Card Monte Scam (Tutorial) aka: Wall Street

So after I got my heart and life sorted a bit in 2001, I left for Oregon because I was fed up with the rats in a wheel lifestyle of California and wanted to get far away from the big cities which breed that crap. I landed in Lapine, Oregon and found work immediately with an HVAC company. It paid well and I was doing fine. I started saving again but in a credit union because with Wall Street, as with Three Card Monte, if you can’t see the sucker sitting at the table you’re playing then you’re the sucker. I watched the housing bubble build, and wasn’t worried because I wasn’t in Wall Street. Then in ’06 the bubble Wall Street and their fraudulent bankers had built from scratch using fraudulent A and AA risk ratings “popped” The Big Short

Here’s what allowed this reverse derivatives fraud (which these Shitweasle fraudulent bankers sold into our retirement portfolios through the back door)“happen” and you can thank Reagan and Slick Willie for it.

https://youtu.be/ssl5yb7FewA

I still wasn’t worried about the now $48,000 I had left over from the two prior rip offs (of almost $80,000 in capital) by Wall Street because not a dime of it was in Wall Street. Boy, howdy, was I wrong. It wasn’t just the fraudulent sector of the market with the (Wall Street created) bubble and their suppliers that crashed this time. It was the ENTIRE fucking world economy they crashed. Everything on Main Street just flat died. For 8 long years no one living on Main Street, or depending on it, spent a single fucking dime that they didn’t absolutely have to, because they didn’t have it to spend. Wall Street got bailed out, had big partys, took their fucking bonus money out of OUR fucking bail out dollars and then sequestered (aka: sat on) the rest of it because “it was just too risky” to lend us OUR OWN GOD DAMNED MONEY.

I lost my job to “downsizing” and because of the tens of millions thrown out of work the same way, there were ZERO available jobs except at the very bottom of society (cooks, cleaners, etc); plus there were dozens if not hundreds of applicants for every single job opening no matter how shitty the wages and working conditions. People with PHDs and folks like me with 20 years experience and Batchelor’s degrees were “unhireable” because we had too much experience (aka: we might have the utter gall to demand more money if we increased a company’s profits).

I survived, but ONLY because I’m a multi talented country boy and an excellent cook. I still knew how to live cheap, and I had that $48k.

Many folks, a great many, didn’t survive this corporate fascist created shit show and were driven into living in mom’s basement, or couch surfing friends homes. I was one of those friends who had couch surfers when I could.

I moved to a trailer park, filed for unemployment, filed bankruptcy in ‘05, and figured I’d be ok until this Banker created shit storm for fun and profit blew over.

If you haven’t seen the Big Short watch it now. These fuckers knew EXACTLY what they were doing with reverse derivatives, and our “regulators” did too. Yet everyone kept completely silent about it until ordinary people started back tracking… even then not ONE of these fucweasle twatwaffle financial rapists ever went to prison. Nor did ANY of the regulators who turned a blind eye to CYA for them. Not. One. Still.

Thanks Obama!

Back to the story… yes, I survived… sort of. Construction was dead, any form of building was dead, so I took my diagnosis skills and eventually found a decent job fixing restaurant equipment and later commercial laundry equipment too. I met a gal who was in the process of losing her home to these banksters and moved in with her in ‘07. The bank apparently forgot about her until 2010 and so we stayed there rent free until I was able to buy a place in January of ’11 with my VA loan benefits. A bit after we moved to my place she decided she wanted more excitement and bailed. We got missed because they were just too damned busy here: Inside the Foreclosure Crisis

You would not believe the utter bullshit I had to go through to buy this home.. but that’s also another story of chicanery, carpet baggers, and outright fraud attempts.

Things are still tight, but doable, and y’all best brace yourselves because there’s another set of Wall Street created bubbles that’s about to bust which is 4 sided. Those sides are:

  1. Auto Loans Why The Auto Loan Bubble Matters
  2. Student Loans More Than 40% of Student Borrowers Aren’t Making Payments
  3. Shopping Mall Financing http://investmentwatchblog.com/theres-a-1-trillion-bubble-thats-ready-to-burst/
  4. Fracking and Exploration finance Is $10 trillion bubble ready to burst?
  5. Do you SERIOUSLY think, after our experience in ’08 to now with the housing bubble, that this shit isn’t being done on purpose? If so I’ve got 4 one acre parcels of beach front land in Central Oregon for sale. Just $150 K a piece!
  6. Oh, and the housing bubble may be back too.. Another Housing Bubble?
  7. Fucking Shitweasles.

Even better here’s a fresh look at another aspect of that Three Card Monte Scam which both sets of Party Brass use to ass rape us without our realizing it… Dems And GOP Work Together Like A Boxer’s 1–2 Punch To Knock You Out

Oh… and Obama even ass raped us on his way out too. Remember all those homes the banksters stole with their reverse derivatives fraud? Yea, they’ve been sitting on them and Obama, on his way out the door, gave them a way to dump those homes into shell corporations so they can be rented back to us, instead of being forced to sell them cheap, so they can comply with the mandated stress tests by getting these non performing assets off their books..

https://www.nakedcapitalism.com/2017/01/the-obama-administration-bails-out-private-equity-landlords-at-the-expense-of-the-middle-class-government-guarantees-for-rental-securitization.html

Some fucking legacy there.

Even at this the shenanigans continue. My VA compliant loan has been through 5 “servicers” now (none of which I agreed to or had anything to say about) and each one has tried really, really, hard to convince me that their fucking “rules” “somehow” over-ride the legally binding protections I have which are written in to the terms of the loan. If I wasnt a complete asshole or I didn’t read law and contracts the way most folks read Ludlum, they would have screwed me out of my house by now… and I’d be homeless. Lord knows they’ve tried. One of those many protections, and the one they seem most annoyed with is that they may not legally declare me to be late with a payment until after the 16th of the month. They’ve literally tried everything to get me to give that up, including offering conventional FNMA 30 year refinance loans at around 2%.

Fucking Shitweasles

Not one bit of this was my fault in any sense. From Clinton’s Republican and Citibank written Bankruptcy “Reform” Act (which completely gutted Our ability to start fresh if we got under water), all the way through Obama ignoring the 7th Amendment in those Rocket Docket fraudulent foreclosures, to Obama giving banksters a way to dump the homes they stole off of their books using shell REIT corporations; every last bit of it was done actively by these bribed to treason Congresscritters..

https://youtu.be/5tu32CCA_Ig

And it was DONE to service the corporate profits of these corporate fascist bastards at Our expense.

This Chart Shows The Bilderberg Group’s Connection To Everything In The World

At this point I’m surviving, but I’m 56, I’ll never get to retire, and I’ll likely have to work until I drop dead… if, that is, I’m not made homeless first.

For anyone who wants to “blame” me for any of this I say fuck you, come stand in my shoes and those of my neighbors.

Come talk to me bud, I’ve got facts; whole thundering herds of them. Obama’s TRUE legacy

I’ve watched this shit be done by Congresscritters over the past +50 years now, and I’m not buying any of your bullshit excuses and obfuscation.

Thou shalt not commit logical fallacies

Here’s your signs:

Ilya Wolf’s answer to Is the free market to blame for the 2008 Financial Crisis?