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Tenants March to Stop Giveaways to Wall Street Landlords


#1

Tenants March to Stop Giveaways to Wall Street Landlords

Aditi Katti

It was a brutally hot and humid day in the nation’s capital and Margie Mathers needed a cane to get up to the podium, but the Florida senior had a story she was determined to tell.

“When I moved into our manufactured housing community in North Fort Myers, it was a beautiful, peaceful place,” Mathers told the crowd of around 1,000 activists who’d converged on the city for a July 13 Tenant March on Washington. “Now I have neighbors who are really struggling. They’re taking their medications every other day instead of every day and not eating the food they need to be healthy.”


#2

Bleeding us out of house and home


#3

Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, is an act which repealed part of the Glass-Steagal Act of 1933. It opened up the market among banking companies, securities companies and insurance companies. The Glass-Steagall Act prohibited any one financial services institution from acting as any combination of an investment bank, a commercial bank and an insurance company. It was enacted to protect, the economy, banks and account holders from the dangerous financial speculations that caused the Great Depression of 1929.

The GLBA allowed commercial banks, investment banks, securities firms and insurance companies to consolidate. The law was passed to legalize these mergers on a permanent basis. Historically, the combined industry has been known as the "financial services industry."

Folks, it's all about transferring [legalized stealing] of massive amounts of wealth—mainly from the middle class to the extremely wealthy top 1% of wealth holders.

Much of the supposed wealth that powered the pre-Recession (i.e., pre-2007) boom, was artificial, i.e., those financial derivatives, inflated home values (and inflated equity), credit, etc. Many people took out mostly adjustable rates mortgages (ARMS) based upon the illusory excess equity in their homes. It is also unfortunate that so much income was derived from housing construction, real estate sales, and related industries.

Sad but true, the banks, primarily through mortgage brokers, knowingly sold homes to folks whom they knew would eventually default. They enticed those naïve people with ARMs and similar mortgage scams. People were reassured that—even during times of dire financial situations—that they had various options as to mortgage-payment plans. Also, they were told that the mortgage holders (e.g. usually banks) would later strive to work out some agreeable, revised, payment plan with them, if necessary.

Unconscionably, the mid and upper level executives made obscene amounts of bonuses from the original mortgages. Later, they once again earned even more bonuses: That was when they repackaged and bundled those high-risk and substantially worthless mortgages and sold them as derivatives to investors who were typically relatively gullible or recklessly undiscerning, e.g., pension funds, local and state governments, foreign governments, etc.

Meanwhile, because 70% of GDP is domestic spending, the economy’s bottom fell out when banks severely tighten credit. What related factor caused the economic implosion? Well, although, for years, the U.S. productivity rate had been approximately 5% per year, most Americans’ incomes had not increased. But, how had consumers been able to afford to purchase all those goods and services? They had been borrowing money from the banks.

Many global financial leaders were certainly most instrumental in the intentional and methodical schemes and machinations which led to the economic collapse—in the first place.

You heard about "revolving doors," haven't you? Well, far too many of the top governmental positions in the economic, banking, and financial regulatory agencies were filled by the very people who had been former heads of these financial-industry companies. So, the very people who caused the financial collapse—and profited lucratively as a result thereof—incredibly, were later placed in charge of fixing the very problems which they were instrumental in creating in the first place. (Go figure!) It was as placing the fox in charge of guarding the chicken-coop.

These large financial institutions colluded and conspired, among themselves, and with top global government officials, to run a financial scam of epic proportions upon the world. This included the banks, mortgage brokers, investment firms, insurance companies and the major credit-rating agencies.

First, the financial industry extensively lobbied the repeal or weakening of certain “inconvenient,” financial regulatory laws. Then, they ignored many rules of proper risk management. They—aggressively and deceptively—peddled countless sub-prime mortgages, which they knew would ultimately be defaulted upon. And subsequently, they intentionally bundled those mostly worthless mortgages into complex, structured finance-packages, which they then unscrupulously and greedily sold to mostly unsuspecting investors.

Such plans could not have been carried out without the complicity or acquiescence of key government officials—whose very job it was to protect us. There was definitely a wide-scale pattern of institutional fraud and deception, which was carried out over a period of years. Their deliberate, greedy, psychopathic schemes and machinations led to a collapse of the world’s economy.

The major bonds-rating firms such as Moody’s, Standard & Poor's, and Fitch Ratings were among the co-conspirators. Bonds-rating firms competed among themselves for lucrative business by trying to outdo each other. Sometimes, they unethically provided most favorable ratings for financial instruments, although they full well knew that many of those securities were "toxic."

Even the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) got in on the act. Much to the detriment of the citizenry whom they were obligated to serve and protect, they were notorious for violating their positions of authority and trust. Moreover, the complicit acts of those high-level institutions tended to further embolden and facilitate the scams of the financial services industry, i.e., commercial banks, investment banks, securities firms and insurance companies

That said, the POTUS is simply a manager, of sorts. In part, his job is to implement the policies and instructions of certain members of the global elite—for better or for worse. For example, the "ruling class" typically sets into motion a series of events that fit within long-term-plans for a "new world order."

It is ever so easy for the “power elite” to take advantage of perceived and actual problems: by introducing solutions that do not truly benefit the public-at-large. Instead, the proffered solutions substantially advance any number of hidden agendas of the “power elite” themselves. It is a classic example of the Hegelian Dialectic: problem->reaction->solution (thesis->anti-thesis->synthesis). It is a great way to persuade the citizenry to accept something that actually is not in their best interest.

"Those who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither Liberty nor Safety"
—Benjamin Franklin

It's all about social engineering and hegemony.

And, as the Borg (cyborgs) say, in several Star Trek episodes, “Resistance is futile.” After all, the powers-that-be truly believe that this is their world—and we are just in it.

Many people delude themselves, as they just don't realize the ramifications of this "divide-and-conquer" strategy. The "power elite" uses it to keep the status quo in their favor. Many citizens are fixated on labels such as liberal, conservative, left, right, democratic, republican, etc. Meanwhile, at the highest levels, the very wealthy are truly united. Consequently, the gap between the rich and the poor is increasing; the middle class is disappearing.

At the highest levels of policy formulation and decision-making, the democrats-versus-republicans dichotomy becomes blurred, and substantially disappear. Things are not always what they seem, as their ostensible motives conceal their true ones. Practically speaking, it is analogous to playing "good-cop/bad-cop" in a police interrogation room. For, in the final analysis, they all serve the same master, i.e. the international ruling class ("power elite"). Such real power and control is manifested through the financial institutions; it is largely enforced via the media, as well as the national security, intelligence, and military apparatuses. "Divide-and-conquer" strategy takes care of the rest. This inertia is built into the system. So, is it such a surprise that—at the lower levels—the citizenry question little, and effectively "police" themselves?

The cold reality is that the deck is stacked against the ordinary person. Even if a particular group or cause wins a victory against the ruling class, it is actually a hollow or Pyrrhic victory. You can rest assured that—at some point in the future—the global ruling class will take back the value of what they gave away, with interest. Don’t you realize that they can manipulate world affairs to such an extent that you are more than happy to allow the government to take away your rights? Out of fear, you’ll all too willingly give up your rights—even those guaranteed by the Constitution and the Bill of Rights. What a scam!

Those in power will always seek a way to control and dominate—if not one way, then another. Who can say for sure how they will do it tomorrow?

Case in point: The House of Rothschild has been playing these types of manipulative games since the Napoleonic Era. In the long run, they always seem to win. (By the way, Goldman Sachs is actually an Illuminati front.)

"Qu'ils mangent de la brioche" or "Let them eat cake." That is a quote commonly attributed to the Queen of France, Marie Antoinette.

If the common man is able to survive on crumbs and scraps long enough, then there will always be hope—in the midst of complete and utter despair!


#4

Excellent post, trosoft.