Wall Street profiteers crashed the housing market with subprime snake oil, then scooped up vast numbers of single-family homes (SFRs) at foreclosure prices, and now they’re gouging tenants with exorbitant rents. High shelter costs are a major component of the inflation now ravaging ordinary wo[...]
Posts Tagged ‘Wall Street’
March 20th, 2020 - 1:59 pm § in Donald Trump, Politics
2 GOP senators under fire for dumping stock ahead of crash
At least two Republican U.S. senators are facing media scrutiny and public criticism for having sold millions of dollars of stock after receiving confidential briefings about the coming coronavirus crisis and before that information became public and the stock market crashed. Sen. Richard Burr (R-[...]
January 24th, 2016 - 12:10 pm § in Hypocrisy
The Big Shit
By David Preston [Analysis of the movie “The Big Short” now showing in theaters everywhere.] Imagine that you’re in the building trades and your company – which installs computer networks – has been subcontracted, along with dozens of others, to build the city’s tallest s[...]