How Billionaires Make Money in Home Ownership When Government Fails

Mnuchin has good reason to be happy - he is screwing people out of their assets

This 53 minute podcast, Homewreckers, goes into the details of how billionaires make money from middle class misery when the free market goes awry and government fails. This is one of the most depressing investigative journalism reports I can recall. It details the tactics that billionaires use to make hundreds of millions deceiving and exploiting average people. It shows that the only moral value that the billionaire class has is profit by any means, including deceit and illegal means. The rule of law is mostly irrelevant because it is an easily side-stepped joke. Law enforcement against billionaires is almost non-existent. Honesty and transparency by everyone involved is a total joke.

This shows just how cynical and corrupt our two-party system can be. The federal government failed. The rule of law failed. Average people were tricked, deceived, fooled and cheated out of their homes. To make it all worse, the podcast plays clips of the president telling his supporters how bad the housing situation is and then putting the people behind the mass misery into positions of power.

This is truly heart-breaking, so if you don't want to be depressed, don't listen to this. If you want to be at least somewhat informed about how the vicious game is played by the big guys, you have to listen to this.

My conclusions 

First and foremost, caveat emptor is the only defense the consumer has against the immorality of the ruthless profit motive running free and wild in corrupt, rigged markets. Do  not look to government for protection, relief or a level playing field. This podcast is well worth 53 minutes of a person's time. It shows once again why it is long past time for regime change. Both parties and their corrupt, morally bankrupt ideologies and incompetent ways of doing business of by and for business have got to go. we need government for the people, not for the corrupt wealthy.

Finally, this shows that the rich do not operate in a meritocracy, unless merit lies in corruption, and heartless lies, deceit, trickery and exploiting incompetent government.


My thanks goes to milo for bringing this sad but infuriating story to my attention.