Many points are over-simplified and details aren’t delved into regarding the sub-prime mortgage crisis including investors who gobbled-up SIVA, NIVA and NINA loan bundles (which were often pushed to investors by the financial institutions), as well as details about The Fed wiring billions of dollars to these institutions through FedPay behind Obama’s back while he’s peddling their bailout to the public at the front door. The masses occupying city parks across the nation are just a faded memory. I have to laugh whenever I see a line of people willingly shoveling their money to Chase Manhattan, Wells Fargo, BOFA, etc. Although it really isn’t funny.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store