2016 Postmortem
Related: About this forumClinton pal Julian Castro giving Wall St banks sweet deals as they snatch up distressed mortgages
Julian Castro is HUD Secretary and a prominent Hillary Clinton supporter. He has been a Clinton hatchet man and launched lame bullshit attacks against Bernie Sanders. He's been named as a possible Vice President pick for Hillary.
Here's an example of the type of crony capitalist governance we can expect from the Clinton crew:
ColorOfChange.org, along with the organizations listed below, calls on Secretary Castro to immediately cease sales through the Distressed Asset Stabilization Program until they can ensure those loans will not be sold to the Wall St firms and speculators who caused the Housing crisis.
Alliance of Californians for Community Empowerment (ACCE) Action
American Family Voices
Courage Campaign
CPD Action
Daily Kos
Democracy for America
MoveOn
New York Communities for Change
Other 98%
Presente
RootsAction
Rootstrikers
Working Families Party
CentralCoaster
(1,163 posts)First you loosen up regulations, both on trading and speculation, and on the mortgage market.
Then, under the guise of "helping poor people reach the American Dream", you allow junk loans to be approved, loans that the borrowers cannot afford.
Then, boom! The bottom falls out of the market and those in power, who made money selling the shit, come back in and rack up cleaning up the mess.
The few at the top profited while millions suffered irreparable loss.
Now in poverty, millions are suffering and, as Sanders pointed out, losing many years from what would be a healthy lifespan.
Cheese Sandwich
(9,086 posts)It's pathetically sad and maddening. Black and Latino families are the hardest hit by this too, by far. Bernie should have talked about the foreclosures and bad mortgages a lot more in my opinion. Most people were either affected by this personally or know someone who was affected.
For that matter I'd like to hear him talking about what HUD is doing right now. It's awful.
NWCorona
(8,541 posts)They are double and triple dipping like it was nothing. First from the fees of the initial mortgage and then from bundling and selling on. Now some investment banks are snapping up foreclosed houses, some before they even are able to hit the market.
MisterP
(23,730 posts)rather than whole companies
CobaltBlue
(1,122 posts)It lets me know that I will definitely be handling my voting, in the general election, as I should.
davidn3600
(6,342 posts)This is supposed to be the working class party? There isn't one anymore.
Fumesucker
(45,851 posts)Cheese Sandwich
(9,086 posts)Or even just for few paid speeches or a high paid consulting gig.
He'll be rewarded one way or another for his service. That's how it works.
AzDar
(14,023 posts)Vinca
(50,322 posts)Zorra
(27,670 posts)And where are those gosh darn transcripts? Anyone seen Hillary's Wall St transcripts? I can't seem to find them anywhere.
TheKentuckian
(25,034 posts)without talking Julian Castro cause he is super liberal.
When pressed on why support of multilingual ballots was cited, when okay what else made him set the moon and stars his mother's politics was raised, when it was pointed out that doesn't transfer by blood I was declared a purist which at this point essentially means one has any values, principles, or ideology of any kind that dares expect more than "not a Republican right this moment".