2016 Postmortem
In reply to the discussion: Sanders would never have blocked SP advocates from participating in a HC forum at the WH ... [View all]slipslidingaway
(21,210 posts)you have to wonder if a 'just cut it out' means anything.
For example the housing bubble had been building for years (at least since 2003) mortgages were approved and promoted to people that should not have been going into so much debt. The real estate index began to turn down in 2005, but the majority of people and the media woke up several years later.
Unfortunately too many people relied upon the "professionals" and bought a home and went into debt. But the people that were selling these products made huge profits by shorting the market and were positioning themselves to scoop up the bargains ... converting home owners to renters and a revenue source. You know who suffered the most, I would say the 'minority' class, although I hate to use that word.
Now theses are very smart people, there are profits to be made on the way up in a bubble and on the way down. But they were very greedy, there is nothing wrong with doing your homework and profiting, but they deliberately deceived borrowers knowing that the bubble would burst. Anyone with a half a clue knew this was coming ... when Obama and his economic advisors came out and backed Bush's plan and essentially said 'who could have known' it was rather pathetic. When he appointed Geithner I termed that the wave 4 bounce in Elliott Wave terms, he was friendly to WS.
So we are now back to the Clinton's and their relationship with WS. Yes you need money to win, but who are you winning for? Are you winning for the people and the future of country or are you winning for your own comfort and legacy.
I wonder
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