DEATH OF THE AMERICAN MIDDLE CLASS – A NATION LOOTED BY WALL
STREET AND NOW RENTING…. and the rents are soaring!
WILL OBAMA
BANKRUPT AMERICA? It’s looking good that he will!
THE LOOMING
GLOBAL ECONOMIC MELTDOWN: OBAMAnomics at work!
BUT HIS CRONY
BANKSTERS ARE SWIMMING IN PROFITS!
JOBS CRISIS IN
AMERICA: Only illegals get them!
Then they go
out and vote DEM PARTY for more welfare, too!
THE SUPREME
COURT: SERVING WALL STREET LOOTERS and THE BILLIONAIRE CLASS LIKE A PACK OF
HO’s!
THE LOOTERS:
OBAMA and his CRIMINAL CRONY BANKSTERS…. their looting only gets better by the
day!
Democracy in America and around the world
is collapsing under the weight
of immense and
ever-growing levels of social
inequality,
bound up with the domination of a financial
mafia that
uses its political power to enrich
itself at the expense of society.
Congress, the
White House, the courts, the regulators, the
Democrats and
Republicans are
all subservient to this financial aristocracy.
SOARING POVERTY
IN AMERICA – soaring profits for banksters and Wall Street – IS IT OBAMANOMICS
AT WORK?
REBUILDING THE
AMERICAN MIDDLE CLASS… looted by Wall Street and Mexico!
… or should we
keep building the LA RAZA welfare state in our borders?
http://mexicanoccupation.blogspot.com/2014/03/rebuilding-american-middle-class.html
THE BELOW IS FROM THE ARTICLE A CASE FOR REPARATIONS - THE ATLANTIC
“High levels of segregation create a natural market for subprime lending,” Rugh and Massey write, “and cause riskier mortgages, and thus foreclosures, to accumulate disproportionately in racially segregated cities’ minority neighborhoods.”
Plunder in the past made plunder in the present efficient. The banks of America understood this. In 2005, Wells Fargo promoted a series of Wealth Building Strategies seminars. Dubbing itself “the nation’s leading originator of home loans to ethnic minority customers,” the bank enrolled black public figures in an ostensible effort to educate blacks on building “generational wealth.” But the “wealth building” seminars were a front for wealth theft. In 2010, the Justice Department filed a discrimination suit against Wells Fargo alleging that the bank had shunted blacks into predatory loans regardless of their creditworthiness. This was not magic or coincidence or misfortune. It was racism reifying itself. According to The New York Times, affidavits found loan officers referring to their black customers as “mud people” and to their subprime products as “ghetto loans.”
“We just went right after them,” Beth Jacobson, a former Wells Fargo loan officer, told The Times. “Wells Fargo mortgage had an emerging-markets unit that specifically targeted black churches because it figured church leaders had a lot of influence and could convince congregants to take out subprime loans.”
In 2011, Bank of America agreed to pay
$355 million to settle charges of
discrimination against its Countrywide
unit. The following year, Wells Fargo
settled its discrimination suit for more
than $175 million. But the damage had
been done. In 2009, half the properties
in Baltimore whose owners had been
granted loans by Wells Fargo between
2005 and 2008 were vacant; 71 percent
of these properties were in
predominantly black neighborhoods.
THE BELOW IS FROM THE ARTICLE A CASE FOR REPARATIONS - THE ATLANTIC
“High levels of segregation create a natural market for subprime lending,” Rugh and Massey write, “and cause riskier mortgages, and thus foreclosures, to accumulate disproportionately in racially segregated cities’ minority neighborhoods.”
Plunder in the past made plunder in the present efficient. The banks of America understood this. In 2005, Wells Fargo promoted a series of Wealth Building Strategies seminars. Dubbing itself “the nation’s leading originator of home loans to ethnic minority customers,” the bank enrolled black public figures in an ostensible effort to educate blacks on building “generational wealth.” But the “wealth building” seminars were a front for wealth theft. In 2010, the Justice Department filed a discrimination suit against Wells Fargo alleging that the bank had shunted blacks into predatory loans regardless of their creditworthiness. This was not magic or coincidence or misfortune. It was racism reifying itself. According to The New York Times, affidavits found loan officers referring to their black customers as “mud people” and to their subprime products as “ghetto loans.”
“We just went right after them,” Beth Jacobson, a former Wells Fargo loan officer, told The Times. “Wells Fargo mortgage had an emerging-markets unit that specifically targeted black churches because it figured church leaders had a lot of influence and could convince congregants to take out subprime loans.”
In 2011, Bank of America agreed to pay
$355 million to settle charges of
discrimination against its Countrywide
unit. The following year, Wells Fargo
settled its discrimination suit for more
than $175 million. But the damage had
been done. In 2009, half the properties
in Baltimore whose owners had been
granted loans by Wells Fargo between
2005 and 2008 were vacant; 71 percent
of these properties were in
predominantly black neighborhoods.
JP
MORGAN… their looting continues!
OBAMA’S CRONY BANKSTERS PARTY UP AND STILL GIVE THE AMERICAN PEOPLE THE
MIDDLE FINGER
'Not when those foibles had resulted in real harm to millions of people
in the form of foreclosures, wrecked 401(k)s, and a devastating unemployment
crisis.'
JP MORGAN
CRONY CAPITALISM: OBAMA PROTECTS JP MORGAN, THE BIGGEST
BANKSTER CRIMINALS IN AMERICAN HISTORY, AND ONE OF OBAMA’S BIGGEST BANKSTER
DONORS!
Nearly five years after the greatest financial crash since
the Great Depression, triggered by rampant illegality and fraud on the part of
the major banks, not a single major institution or leading bank executive has
been indicted, let alone tried, convicted and jailed.
AMERICA BEHIND BARS: but we will never see any of Obama’s
criminal bankster donors behind bars!
Through cuts to wages, benefits, and social programs, the ruling class
has overseen a massive transfer of wealth from the broad masses of workers into
the coffers of the financial aristocracy. The resulting growth of social misery
is handled with increasing brutality by police thugs and reactionary
prosecutors, judges, and probation officers.
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