All you need to watch is the 1st 11 minutes & 40 seconds to see how the Mega Banking "Cartel" (rather than people with sub-prime mortgages) was the cause of the last Financial/Economic Crisis, and how/why the failure of the Obama Admin to prosecute Mega BankERS (not Banks) has set up the next overdue, soon-to-be-here Crash. [Trump & Crew most likely will not do the same thing that Obama & Holder did not do.]
https://www.youtube.com/watch?v=tXWaAQpofqE&=&index=28&=&list=WL
Bill Moyers is well known...Bill Black not as much. He's a brilliant academic in Law & Economics, as well as a former bank regulator. After the Savings & Loan scandal of the 1980's, Black's team investigated & made about 1,000 criminal referrals to the Justice Dept. All resulted in successful prosecutions of Bankers, rather than Banks (which are fictitious "persons" & only can be fined, not jailed). Even fines in the billions of $$$ are considered merely a cost of doing Biz by the "Cartel".
It's all coming our way again. This time, not only home mortgages, but also car loans & home rental receipts have been bundled up & then chopped up to create "securities" sold by Wall Street. Plus, bizarre financial derivatives (bets on those securities, and bets on those bets, and bets on those bets, etc.) are back in the game with virtually no regulation.
Don't believe DC's propaganda that "everything is going great". Everything is going pretty much where it went from 2007 through 2009. Get ready...all it will take is one glitch, one Black Swan event, or one who-knows-what and the whole system again will be in chaos. At least, the probability of that is extremely high. Trump & Crew's deregulation blitz is making it all the more likely. [I believe that in many areas of society, there are too many regulations; but in the case of the Financial Sector, there are too few.]
Not only my opinion. Be Prepared
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