Tag: sub-prime mortgages

“Crime of the Century”

Watched a Documentary last night and I watch one every week, sometimes more than one, as part of the “Learning Process”, which should never stop, just because we’re not in a school building anymore, and thought it was rather good. Low budget film, now “old” since it was released in 2009. Filmed and directed by Danny Schechter and called


It’s about the 2008 Collapse of Wall Street and also Middle America, through the “sub-prime mortgage” practice. I learned a few new things, but was struck by one overall feeling and I’ll share it. Let’s play make believe first!

Image, there was an historic crime that took place, the most money EVER STOLEN!!! Billions of DOLLARS!!! People went on TV before and said it was coming, warned the banks, cops, Government,etc. Still happened!

The crooks got away and were NEVER arrested! There were ALL kinds of “investigations” and yet, no one was ever charged with that crime. A few underlings were caught, but really minor players.

A couple of years later, a Major Motion Picture was made of this crime, describing HOW it was done, WHERE it was done and more importantly, WHO did this! Names were NAMED!!! And still, no one was arrested! How can that be??? Most Americans were outraged! “If you know who did this, WHY aren’t they in JAIL!!!” rang out across America. And yet, no one was EVER sent to jail!

Pretty hard to imagine, huh? This could NEVER happen in America, RIGHT! Welllllll…….

It did and the movie was “The Big Short”, big name actors, playing the “REAL” people! Based on facts! And yet……none are in jail.

So for those that think OUR Government is there for us, serving US, protecting US from THEM, ask Obama, after 8 years, why NO ONE IS IN JAIL for this crime. A CRIME that affected the Globe! Hillary wouldn’t have done anything either and now, with Trump, off the plate.

In this movie, it shows how the “wealth” of this Nation, slowly moves from the Middle Class to the top 1%. In 1990, the top 1% had about 25% of the wealth. In 2009, it had moved to 75%. Today, closer to 90%. Not good my friends, not good!

If anyone still wonders where the American Middle Class went, it went into the pockets of the Rich and Super Rich!