My father was a wonderful example. He worked hard to support his family of 8. He always said his job was a means to his end- Providing for us. He was humble yet always a leader. He was totally honest. He wouldn’t even bring a pencil home from work. He adored our mother and his morals were impeccable. I never heard him speak ill of anyone yet he held strong to his faith and his personal values. He and Mom were married 72 years. They had 6 children, 45 grandchildren and 101 greats when they died peacefully in their sleep-5 days apart. Men CAN choose between right and wrong. My father and mother did.
I am a retired mortgage specialist. It was a nightmare! I was working 60 hr weeks on millions of foreclosures. You're all right! These big banks and investors are evil, and Goldman Sachs was one of the main characters. It was horrendous, and some people did go to prison, but not everyone did. I mean, some people committed suicide. Horrific what these people did!
I think the supposed problem solvers have become the fire starters, or the arsonists, the billionaires & venture capitalists from Silicon Valley-those who present themselves as a solution to industry problems. They act as consultants, learn all the inner working of a company (all their secrets) to create software and interface programs, completely created & designed from them & let’s say for them? Silicon Valley, is a close knit group, and they are all connected over all industries. And some have even crossed the forbidden lines into politics-with intent and personal agendas. An inner world, a world within a world, created & designed for them, by them. Now if they can obtain government power, they have full access to the inner workings, and economical power as well as the means to dismantle the Constitutional Federal Republic & replace it with a government that fits their needs-implementing no industry regulations, a market economy, & whatever they need for their global multi corporate interests. Trump and MAGA are just the distractions, they need to pull off a global heist in real time. And I think, it’s far more sinister than we can even imagine!
It was investment firms and banks that caused the housing collapse in 2008, and its the bankers and investment firms who turned around and bought up millions of family homes on the cheap. Causing the housing crisis we have today.
That was in preparation for the war we are in now WWIII. The evils have been buying up all the homes in the US since around 2021. Remember their goal, you will own nothing & be happy. You do know we are in WWIII, right? It was planned long ago & was working its way upto what started & happened in March 2020, the scam of all scams.
The coruptio starts with the president who gave all the money to the banks so that they can pay their ceo instead of giving the money to the people who lost it because of the greed of the ceo. They should have put them in prison so that the equation of risk benefit would change. It happened again during the corrona that the money was trasferd from the poor to the rich and in the coming crisis it will shift was is left.
@@antonyjh1234the government own nothing. Every bit of government money comes from taxpayers. Please get your facts right. I'm Scottish and the UK government is falsely trying to claim sovereignty! It can't, it's a dead entity. The amount of government over reach around the planet is astounding these days!
@@antonyjh1234correct, we are the collateral4all govt. debt, that's why when we die at war it's called "collateral damage". The banks/govt. run up debt -- & we pay it.
@@redacted629 I agree harsher penalties especially for larger companies where the fines are miniscule compared to how much they are profiting in corrupt practices.
I worked in banking before the recession. They stole our pension at Bank of America, some coworkers lost 6 figures lifetime worth of work/savings/investing in that company. I will never bank or work with them.
These people got a trillion dollars of taxpayer money, to bail out their losses for irresponsible lending. Tons of people lost their homes, and were foreclosed on. Why didn’t all that money pay off their mortgages?
They also got the insurance companies bailed out so they could cash in the asset insurance policies, not to mention all the repossessed and abandoned property they could sell or rent.
People who lost their homes should not have taken out the loan to begin with. They could not afford it. Just because they were available doesn't mean you're not to blame for your poor choice. Why should the rest of us pay their loan? This is not to say we should have bailout anyone period. Bush's big mistake was to not let those bankers fail. He really blew it. Could have reeled in their power. Now they rule the world.
@@wendypatterson6091 Not everyone was irresponsible. A lot of people were duped with creative loan writing which appeared they could afford, then 6-12 months later the payments jacked up. It wasn't just subprime that tanked the market. Subprime was just the beginning.
Foreclosed cheap prices go to BlackRock and so until the next chapter… anyway, no $$ ever got lost, merely transferred from one pocket to another to make sure others don’t find it.
that's assuming heaven and hell actually exist because from whats been going on in gaza looks like when we end there's nothing no recompense nothing. so he got rich n will die n it ends or he comes back and re-lives as a rich kid.
You can't be robbed in the current space here on earth and doom off your hope that awesome life with Jesus. Make it count by believing in Jesus. Gaza and Palestine occurrence don't have to darken up your future. @@digitalmediaoriginal
That Dick Fold is typical psycho...and they knew it.... Soooo People never ever should allow psychos/narcissists get such a position, because psychos dont mind anything...ANYTHING and they never hesitate to destroy everything they can....they dont mind Many narcissist/psychos are lawyers, bankers, doctors and politicians......remember about it and be careful
His mistake was thinking he wouldn't be caught. It's unclear why he hasn't been prosecuted nor any of the other people involved in similar activities in other banks and funds.
@@lamontpearce170government gives absolutely no shits about you or your protection whatsoever in any capacity and just wants to take your stuff for the sole reason of their own greed. At least the Mafia cares about their people to some extent and protects their own while granting others stuff for actual reasons, not just greed
Yep, most governments are the biggest mobs. You think the U.S. has 800 military bases all over the world because we're the global policeman? We're the global gangster.
I was homeless, got into drugs went to prison, and then I got to know Jesus and he changed my life...Heaven came through for me in my finances too, getting $50,000 in 2months. I can support God's work and give back to my community. God is more than enough! Now I have a new identity and am a child of God
I Met Mrs Cathie Wood last year for the first time at a church program, where she greeted a friend of mine also a church member, and fortunately for me, we exchanged contact and got along. What God cannot do, doesn't exist" I truly believe this word 100 percent❤❤❤
60 years ago the bank that issued the 30-year mortgage held that 30 year mortgage until it was fully paid. The bank didn't slice, dice, and package risky mortgages for resale to investors.
The money that disappeared is the money these people stole and lived a lavish life. Money stolen from the people. And then they were bailed out with tax people's money. He showd no remorse for what he did. He is upset he went to jail and the others didnt. So how does he live today? How much did he walk away? I'm sure he is still living the lap of luxury. What they did giving all those people loans that couldn't afford them is appalling. Those people didn’t lie or falsify their information. These people were targeted by these blood suckers! They knew they were unable to pay a mortgage. They played on people whom wanted a home.
Why can’t this be tried as a class action lawsuit with the ICC? How is international financial fraud, especially at this scale, not a crime against humanity?
But how many really want to live in an apartment or a tent? The problem arises when people want houses and properties that are beyond their means financially. The real lie is that the economy and property values will forever spiral upwards, so you'll soon be able to afford it as you'll be making more money. You might, but you'll be taxed more and inflation will make everything else more expensive. So, you really don't gain much in the long run. Add in a renovation, a few new roofs, property taxes and you may actually be in the hole decades out.
I lost my family’s home, a family condo and my life savings. All because banks and our government didn’t want to help when it all went to hell. I lost over $500,000 and didn’t recover a penny back. Now struggling… I even lost my health, never to be 100% because there was no help or assistance for those who wanted to do the right thing. Everyone walked away. I decided to help a neighbor save their property when I lost mine. So we moved into their home to save their house/home. Today still struggling, I still give my time to Veterans and civilians alike 110% to help them with necessities and benefits, at zero charge and 100% gratification. But, wealthy don’t understand that helping is better than taking advantage of others regardless of… …if had a bit more, I would be able to help others more than I actually do. Those that have the means too can’t even help themselves and they don’t realize that. SMH.
I got one of those loans, as a single mom, in 1995 (yes, back when it was "common knowledge" that single women didn't get mortgages). Five percent down, balloon to refinance after 7 years. I knew I could afford it, just couldn't prove it. I am so thankful for that opportunity! My home is paid off, I have no debt and at 65 am now comfortable. It was difficult at times, but I was never late on a single payment, no matter what I had to do without to make it happen. I know that I am in a very rare group, that most had no clue how to know how much debt they could handle, how to borrow it, how to handle it. I am grateful that my perfect credit made it possible.
Sounds great now it seems like all you have to do is live to enjoy it because usually when you work that hard to have something once you get it taken care of you don't have many years left to enjoy it from working your whole life. And if they want to put a interstate highway there they will take it from you if you don't pay your taxes they will take it from you if you don't pay your homeowners insurance you may lose it due to weather so I've always been told that our home is a money pit it's only yours in a timeshare. Because at some point someone else on the home that Jack built. . They don't get me wrong it is a great investment but the insurance isn't that good
Now, over 60% of people will never be able to afford to buy a house. World Economic Forum head Klaus Schwab wasn't kidding when he said you will own nothing and be happy. Well he was kidding about the happy part.
I spent a year working in the USA in 2007 (I’m from Australia), every department store I went into offered me a credit card no questions asked. It was ridiculous. Then I moved to NZ and was offered a $1 million home loan after explaining to the guy my pregnant wife was about to stop working indefinitely and I earnt $70k a year. No wonder the whole thing collapsed
Guess who was blamed for it on mass media ? “Irresponsible “ poor ( = “irresponsible blacks “) who were given loans by Obama ( yeah, lol!). Bankers were just victims of government that forced them to give home loans to irresponsible people. This narrative pretty much saved bankers. It was sort of - oh, we had no choice. So it was government and irresponsible poor who should be punished. Government bailed banks, and irresponsible poor were punished with unemployment, social programs cut and inflation.
Investors believe they can make a profit without doing anything but transfer numbers to someone else to shuffle about. For the investor to make money, someone else has to lose it. As he said: greed is the driving force behind all of this.
ALL these mega thieves may appear to have got away with it, but be assured In the end they will pay the ultimate farthing for every one of their victims!
It’s like now, we have Nvidia round tripping to inflate its stock. The question is why our media doesn’t jump on this, only the Financial Times did 1 story on this activity. Wall Street, just loves fraud.
The fact that AIG was allowed to sell subprime mortgage back securities as AAA products suggest that there were some major players behind the scenes facilitating the whole debacle.
I can relate. I just got out of federal prison for wire fraud for the theft of $480k. I had everything and lost it ALL. My life has been altered in ways I cannot begin to explain, in many ways for the worse, in many other ways I am blessed to have this opportunity to learn and truly grow into a much more responsible and rational person. Was it worth it? No. Unless you factor in the self improvement factor. We grow through pain, and that is unfortunate.
There is the 0.3% probably who have been doing it for centuries but skip the radar. Rothschilds owned 50% of the planet in 1900, now maybe 80%. Karma will catch up.
I agree I found in amusing that he objected to not having special privileges as a white collar criminal. I had shared this on my FB but took it down because it's a fraud. Greed is greed. How many people would turn down power and wealth? I would because I value my soul and sleep.
@@singingway most of them if not all....seriously - doctors, lawyers, politicians, banksters are narcissits and psychs, mostly WE SHOULD screen people for these professions very carefully...otherwise they will finish us off, as is happening now..they dont mind, you know...
Learn how to grow food Learn how to build your own home Learn how to live off grid Learn how to make things Learn how to trade with them Learn how to plan & prepare yourself for a crisis, a disaster, disease, severe weather conditions - the whole cocktail of survival. When you've dealt with all of the above only then can you call yourself a resourceful & independent person. Anything & everything connected to wealth obtained from vulnerable public sectors & unstable innovations will inevitably implode & dismantle entire populations. Greed always wants more ...
"Everybody loves a bubble". Except people who can't afford a bubble. It's profit on the backs of low income earners, single parent families and, arguably, those lower paid essential services employees who are the backbone of every community: nurses, teachers, support workers. In Australia we now have a situation where the most vulnerable are unable to even rent are sacrificed for greed. Disgusting amorality.
This was shown well in the movie The Big Short. As it said in the closing scenes, only one small time trader who was only doing what all of them were, went to prison. The really big guys got clean away. But then, when you're really big, you have the pollies in your back pocket. He didnt.
@@Chris-m2o1s Because the entire system is as crooked as a corkscrew in a gale. Only the really crooked can lie in it without touching the sides. Everything we ever believed about it was one huge lie, and it's only now we're beginning to see that. They own the judges, the system, the pollies, the elections - every single damn thing. And we have nothing but each other, and the mass of numbers we 're too brainwashed to realise is the biggest power of all. But we dont know we have it, so we dont use it. and thus we get screwed and they get clean away.
''Most of the great problems we face are caused by politicians, bureaucrats, financiers, elites, bankers, pharma, MIC, big-agri, big-bus, msm, and kindred.....; creating solutions to problems they created in the first place." - Walter E. Williams
I worked in sub prime mortgage default servicing since 99. I saw this coming in '03 when all these loans were boarded. You can't tell me these MBS packages went unaudited for 3+ years.
There is NO amount of money that could provoke me to even CONSIDER bringing about any type of intentional harm to another person. I can't even relate to someone who thinks otherwise.
some people are parasites. if the country fails, they feel no guilt to pack up and move to the next host. fuld is one of those and his tribe even has had a flag since the 1500s - even though they lived in other countries...their loyalties were not to the country they lived in.
You have never been offered such money it seems. And guess what: to get that offer you have to work really hard and hence you will feel entitled to it.
I heard that mortgage borrowers've been able2 stoo paying because when asking for the original contract at the bank that lent2them, it couldn't be found.
As soon as I first heard 'subprime' I knew it was marketng speak for 'worthless.' And when Wall St repackages 'the best financial instrument that ever was' and sells it to retail investors you know you're being screwed.
It's called legalized 'extortion'... And the only people who could cure our country of this parasitic kleptocapitalism insanity are heavily benefiting from it at the highest levels of government... These people are so powerful they can even literally bypass laws against overseas people running for the White House to carry their corrupt philosophies, but then, they have repeatedly told us who they will 'allow' us to vote for because they have vetted as many as eight people running for president at different election cycles. We have not had a fair election since Eisenhower. These were the dangerous people Eisenhower warned the nation about. And yet, anyone, who defies these usurpers of leadership who regularly orchestrate election theft, has their reputation ruined by knee-jerk religiosities in the culpable media, i.e. Gary Hart, Al Franken, Roy Moore, Trent Franks, John Conyers, Donald Trump... But if these politically disobedient repented the self-appointed political usurping elites who never run for office themselves will bless these repentants like Bill Clinton, GHWB, and others... If they were 'sinners' while not following the globalist One World Order party line, why were all these sins absolved by those playing god later? Jest thinking out loud...
This guy had such a smug smile; NO ONE I know has defrauded people knowingly while looking at someone dead in the eye…why is this guy walking free, unbelievable what money can buy
Don’t get me wrong it’s terrible no one was held accountable for the 08 financial crisis. But even worse is the fact we did absolutely NOTHING to stop this from happening again.
Right.... They are still selling those CDO (collateralized debt obligations). MBS (mortgages). They even created a NEW one, CLO (collateralized Loan obligations). car loans, etc.. Stop electing Democrats and Republicans. They sold us out......
Because graham rudman was repealed. It stopped banks from investing in risky investments like the stock market. My finance professors warned students about this. But since all these parents think that they to give their kids whatever they want. The kids grow up feeling entitled. Hence the greed, selfies, etc.. i am very happy that i did not reproduce. I would probably have my head stuck inside tech and just paid them off so i would not have to be bothered. Lots of admirable parents out there!!!
It seems there should be a Part 2 to this, detailing how the main actors explained their way out of not going to prison, but that would be beyond credulity.
It's funny that the inside Oliver Budde says, "i was earning a lot of money..." No you were complicit in the stealing of a lot of money until you got out first
It seems that the only thing he is sorry about is that he went to jail while other (bigger) criminals got away scot-free. It doesn't look like he lost everything ... he's wearing a mighty nice suit and sitting in a house that looks multiple time nicer than mine. I agree that it is a crime that the other criminals got away unscathed. They should all be in prison. And none of them should be able to keep their ill-gotten gains. STOP making crime pay and maybe there wouldn't be so much of it! 🤔
"...- przestań płacić za przestępstwa..."& Bankowe i ich przebiegłe zaplecze lobbystyczne? To wykazujesz w więzieniu 🥺🙎kredyt spłacony i pozostałe opłaty to " koszty bankowe " zarobione symulacje i było 13tys.zł. 💵📉po " koronie epidemii" 2 razy urósł dług 26tys.zł.📈💷 wszystko zgodne z regulaminem banku a sąd polubowny rozstrzyga sprawy do22tys.zł. Złodziejstwo w ramach prawa bankowego które sami sobię ustalają a w kredytach hipotecznych łączenie dodatkowej opłaty " ubezpieczenie na życie kwartalnie + roczna składka od pożaru" , byłam poręczycielem ale bez powiadomienia zrobioną z mnie kredytobiorcę+ długi odsetkowe komornicze bo kredytobiorca zachorował i nie poinformował:- zmuszona opłaciła wszystko i dalej opłacam i nie przeszkadza banku iż nie mam stałej pracy i nawet obywatelstwa - aby kasę wpłaciła i szemrane interesy przez "ubezpieczenia na życie"&" zaspokojenie" w/m dzieci i aranżacje wypadków 🙎 kryminał w zakonie bankowości 💰🫵& z VIP biznesem a w mniejszych miejscowościach to samo :- idzie damski bokser czy pedofil do księdza i układ finansowy kryminalista bierze kredyt zmuszając swoją małżonkę o poręczenie i płaci władzy zamiast budowę zakończyć a małżonka opłaca dług - taką rzeczywistość wiele rodzin doświadcza a kleru & władzy kasa na budowę marketów i lux samochody a ofiary spłacają kredyty pracą i po pracy pracą szok!😮 co za kryminalny system? 🤦🥺
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@OnkelFrauenknecht Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* , a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
How did you all skip from he started a company in his basement to it being a Hedge fund? Did his parents provide the initial investment? Who were the early investors needed for the fund to be considered legitimate? There's a huge gap that needs to be explained between "starting a company in a basement to it being a hedge fund.
My dear old dad told me “until you learn to go without,,, you will never have a thing” never truer words we’re spoken,, in 2019 I paid cash for my home,, I’m a truck driver not a banker,, it’s still doable
As a Christian, I’m not surprised at all that they did this. I’m also not surprised that they were never caught and held accountable. Selfish, greedy men have always ruled this world. And until the Lord Jesus comes back, they always will.
This is not correct. Taxpayers get money from the government. The US government is the issuer of the US dollar. The govt must spend *first* and then tax some portion back.
This is correct. Every government is a leech upon a productive society. Essential services such as security and law and order could be provided by a minimal state costing possibly 5% in taxes instead of 50% of our income now. The non-transparent FED creates money out of thin air and then lends it to the government. Since the pandemic high inflation has become another unbearable tax due to unlimited money creation. The government does not have any of its own money. It is all derived from people’s productivity.
@@ChristianWagner888 - The Fed does *not* loan money to the government, not does it charge interest to the government (it conducts monetary operations). The Fed is a net payer of interest to the government and banking sector. The recent inflation was not caused by "unlimited money creation"-it was caused by pandemic-related supply shortages plus opportunistic price hikes by price setters. The government issues its own money, the US dollar. The people have no money until the government (or its licences agents the banks) issues money. The people's productivity derives from government creating & spending money into the economy. Markets emerged from govt money systems-not the other way around.
If you have enough money you can also buy a supreme court justice or two, maybe even five or six. Justice and accountability are for the poor and middle class.
Connections, Power, Money and No quilty consciene in financial policy make all to a big fish. Let Start with promises from the best politician in the World. Bubble over Bubble.
I understand this intrinsically! Both of my neighbors supported him and there is something to be investigated here. My neighbor who’s son is named Jason should speak out!!
I’m glad he lost everything in his eyes. Back in the day he would have lost his life for robbing people of there money. He was scamming from the beginning
I’m not really worried about him living a million dollar lifestyle after his parole in Canada. Ultimately, don’t think he is that stupid declaring every single penny!
And yet, the whole social media is about investments. Stop supporting business without morality if you want to have a change. Otherwise nothing will ever change for better and there will be continuously growing divide between poor and rich.
Fantastic documentary. Those of us who were in the mortgage industry during the early 2000s predicted this meltdown. It was such a redirection of lending requirements, it was obviously going to explode at some point. Disgusting that none of the large investment firm leaders was held accountable.
Una Joya de documento. Es una lástima que esto no se enseñe a nuestros jovenes. Parece mas importante la recompensa que el camino que te lleva a ella y el aprendizaje que se puede adquirir en el proceso. Un abrazo para todas esas personas de mente inquieta que se encuentran en la constante búsqueda de saciar esa curiosidad sin límites. ❤
Aquellos que solo persiguen ganar más y más dinero, solo buscan compensar el vacío existencial que los roe por dentro... Buen documental. Gracias por compartirlo. Saludos...
Banks decide who heads the Federal Reserve. Over the decades, it had always been "one of them". Guess whose interest he/she will prioritse? In the meantime, not only do the ordinary citizens in the US suffer the consequences, it's the whole world.
Because the bankers are the shareholders of the Fed. and the NY Fed etc. Most of the banks are or were financed by old European money, a US Senator once said. Work that one out.
No, it’s a political decision. Appointment by the President of the U.S. , and Fed chair and vice chair in effect appointed, but nominated, then confirmed by the Senate, it has always been a rubber stamp nomination. The first head of the Fed was an attorney and politician and assistant US Treasury official. US Treasury receives all Federal Reserve profits.
The Fed is a private organisation. Owned by private banks. Check for Jekyll Island, 1913, Wilson ... They own your dollars ... And they print as much as they want. In fact, they own YOU.
The president nominates the Fed chair, and the Senate confirms it. Jerome Powell was not a banker-he's not even an economist (he was a private equity lawyer). Powell's mistake was to raise interest rates.
Perhaps the next documentary could explain how after all this, the Canadian government, Bank of Canada, the top five Canadian banks, and dozens of fly-by-night Investment and Mortgage Brokers, can get away with repeating this TODAY in Canada!!! 😡🤬
Not holding these people responsible is the real crime, bankers got bailed out while the average Joe home owner got thrown out, it's a fucking disgrace.
Boy, what enablers. They call it a mistake. He tried to qualify his greed and pride. He will , promise you.. will turn around and do the same exact things..
Smaller traders have to be careful as when dad was on vacation his broker played his money and lost it all. The Securities Commission took away the brokers Liscence but dad never got his money back😢 It was hard on dad as he was in the middle of Alzheimer’s and that troubled him daily 😢❤❤❤
My mom was on one of those mortgages even after 2008... It had a balloon payment and if I hadn't noticed in the fine print she would have lost her home coming into the 4th year paying the loan. Absolutely sickening what these greedy investment companies will do. Also in current day were about to go through another... These investment companies are now telling home owners to take out their equity on a second loan to prepare for the crash. Its criminal..
I once said that to a rich guy who was a pretty ruthless businessman, and he responded "those people sleep very well at night because they are not worried about others"
What a great documentary.👏👏 I worked in the loan industry in souther Cali at the time and that was a Circus. Anyone could ve get a loan with out any credit history. Bank managers and real estate agents were making a fortune for every loan approved. So everybody was appoved😂😂😂🍺🍺
I am convinced that literally some of us are human some are not. Oligarchs are not human. Souls don't exist in them. Two or more different beings on earth.
I live in a neighborhood full of small “affordable” homes (that cost more than 3X what they did before the crash). More than half are owned by boomers who made money off the equity in their homes after housing prices soared. Rental prices have doubled since 2020, and many of the homes for rent and sale are empty, because the average American has been financially crushed.
Think about this: The Government paid for the bad loans that the "homeowners" took. The bad loans are now "GOOD", because the government just paid. Then, why the people didn't get to keep the house, since it's paid for already???
How come Freemasonry is never mentioned? It’s worldwide, found in the oil rich Middle East, China, South-East Asia, the EU and US among the “elites” of most countries in the world.
Isn't it strange, that my comment right here mentioning one such worldwide brotherhood gets silently deleted? Did the OP or TH-cam delete it? It may not even be the same brotherhood that we are alluding to here, but at the top they all collude anyways. The one I mentioned starts with an F, ends with a Y and has eleven letters. Also strong in the Middle East and Asia...
Watched 10:20 of this video and felt sick, then angry, then furious. And his Father saying he made a "mistake" was where I drew the line. No wonder he did what he did with a parent like this ... when he knowingly, wilfully and intentionally defrauded millions! Absolutely disgusting that anyone who thinks and behaves like he did should be allowed to breath air.
In Asia,they packaged the product as guaranteed return unit trust..many Singaporeans lost a lot of money..and never got the money back..when Lehman collapsed...
Wow, all those buzzwords: “guaranteed return” and “unit trust”… Any “investment” that says “guaranteed return” is already suspect. Would you have bought it under the name “repackaged subprime mortgages” which these unsecured “securities” were?
My father was a wonderful example. He worked hard to support his family of 8. He always said his job was a means to his end- Providing for us. He was humble yet always a leader. He was totally honest. He wouldn’t even bring a pencil home from work. He adored our mother and his morals were impeccable. I never heard him speak ill of anyone yet he held strong to his faith and his personal values. He and Mom were married 72 years. They had 6 children, 45 grandchildren and 101 greats when they died peacefully in their sleep-5 days apart. Men CAN choose between right and wrong. My father and mother did.
Those are rare traits today.
Success is equated to assets and doesn't matter how it was made
There's hope for humanity ❤
Beautiful story about your parents ❤️
My dad ALSO.
Now that's the kinda families we need more of in this world!
He still lives like a king while the people who lost everything are still trying to recover.
and he doesn’t give a fuk. 5:06 look at his smile. and he thinks he’s a victim. it’s truly sick.
Here on earth that is…but death always comes sooner than you think.
Yes but gangs within the gangs
HE SERVERED HIS TIME, the whole thing SMELLED to high heaven.
@@Robert-l4c7l *served*
I am a retired mortgage specialist. It was a nightmare! I was working 60 hr weeks on millions of foreclosures. You're all right! These big banks and investors are evil, and Goldman Sachs was one of the main characters. It was horrendous, and some people did go to prison, but not everyone did. I mean, some people committed suicide. Horrific what these people did!
Just look at who runs those banks and you will see the problem not only with the banks but the U S government as well.
Picture of the dark side of Life. Choose and live with the consequences. My great friend died of cancee working for Hedgefunds. Sad.
@@Gemini9298 But investors are numerous, far and wide. Think of all those superannuation funds. Lots of people are culpable.
I think the supposed problem solvers have become the fire starters, or the arsonists, the billionaires & venture capitalists from Silicon Valley-those who present themselves as a solution to industry problems.
They act as consultants, learn all the inner working of a company (all their secrets) to create software and interface programs, completely created & designed from them & let’s say for them? Silicon Valley, is a close knit group, and they are all connected over all industries. And some have even crossed the forbidden lines into politics-with intent and personal agendas. An inner world, a world within a world, created & designed for them, by them.
Now if they can obtain government power, they have full access to the inner workings, and economical power as well as the means to dismantle the Constitutional Federal Republic & replace it with a government that fits their needs-implementing no industry regulations, a market economy, & whatever they need for their global multi corporate interests. Trump and MAGA are just the distractions, they need to pull off a global heist in real time. And I think, it’s far more sinister than we can even imagine!
One man went to prison, and he was the a cronie who had basically zero say in the wrongdoing.
It was investment firms and banks that caused the housing collapse in 2008, and its the bankers and investment firms who turned around and bought up millions of family homes on the cheap. Causing the housing crisis we have today.
Absolutely.
That was in preparation for the war we are in now WWIII.
The evils have been buying up all the homes in the US since around 2021.
Remember their goal, you will own nothing & be happy.
You do know we are in WWIII, right?
It was planned long ago & was working its way upto what started & happened in March 2020, the scam of all scams.
The coruptio starts with the president who gave all the money to the banks so that they can pay their ceo instead of giving the money to the people who lost it because of the greed of the ceo. They should have put them in prison so that the equation of risk benefit would change.
It happened again during the corrona that the money was trasferd from the poor to the rich and in the coming crisis it will shift was is left.
Steve Mnuchin.. just look at what that guy did.
@@hollybug-76542Mnuchin is a crook.
Citigroup didn't cost the US Government 45 billion it cost the taxpayer
Citibank should have filed bankruptcy. Now Citi has control of all the credit companies.
All money is owned by the govt, taxes don't pay for anything, they borrowed it and we play around with it, but we are the store of their debt.
@@antonyjh1234the government own nothing. Every bit of government money comes from taxpayers. Please get your facts right. I'm Scottish and the UK government is falsely trying to claim sovereignty! It can't, it's a dead entity. The amount of government over reach around the planet is astounding these days!
greed greed and more American greed
@@antonyjh1234correct, we are the collateral4all govt. debt, that's why when we die at war it's called "collateral damage". The banks/govt. run up debt -- & we pay it.
If their are no consequences for wrongful actions then wrongful behaviours are reinforced, as can be seen (presently 2024).
Canada is a perfect example of this!
America is a perfect example of this.
Australia is a perfect example of this. Melbourne is in your face corrupt and nobody does a thing about it 😮
💯💯💯
@@redacted629 I agree harsher penalties especially for larger companies where the fines are miniscule compared to how much they are profiting in corrupt practices.
I worked in banking before the recession.
They stole our pension at Bank of America, some coworkers lost 6 figures lifetime worth of work/savings/investing in that company. I will never bank or work with them.
Seriously? How? Ugh!!!
You are righteous! Unfortunatly, righteousness does not rule this planet. There many like you out there. Just know that you are alone...
Mistyped. You are not alone!
Un-fing-believable!!! I'm so sorry!
Obama/ Biden
How Short People's memory is in the USSA😂😂😂😂
These people got a trillion dollars of taxpayer money, to bail out their losses for irresponsible lending. Tons of people lost their homes, and were foreclosed on. Why didn’t all that money pay off their mortgages?
They also got the insurance companies bailed out so they could cash in the asset insurance policies, not to mention all the repossessed and abandoned property they could sell or rent.
People who lost their homes should not have taken out the loan to begin with. They could not afford it. Just because they were available doesn't mean you're not to blame for your poor choice. Why should the rest of us pay their loan? This is not to say we should have bailout anyone period. Bush's big mistake was to not let those bankers fail. He really blew it. Could have reeled in their power. Now they rule the world.
@@wendypatterson6091 Not everyone was irresponsible. A lot of people were duped with creative loan writing which appeared they could afford, then 6-12 months later the payments jacked up. It wasn't just subprime that tanked the market. Subprime was just the beginning.
Foreclosed cheap prices go to BlackRock and so until the next chapter… anyway, no $$ ever got lost, merely transferred from one pocket to another to make sure others don’t find it.
They could have sent to mortgage holders, the Banks would have got their cash flow back, but corporations wouldn't have scooped up a ton of property.
*_"What good will it be for someone to gain the whole world, yet forfeit their soul? Or what can anyone give in exchange for their soul?"_*
that's assuming heaven and hell actually exist because from whats been going on in gaza looks like when we end there's nothing no recompense nothing. so he got rich n will die n it ends or he comes back and re-lives as a rich kid.
You can't be robbed in the current space here on earth and doom off your hope that awesome life with Jesus. Make it count by believing in Jesus. Gaza and Palestine occurrence don't have to darken up your future. @@digitalmediaoriginal
The Best remark so far. Earth is a game of souls. Good vs Evil. X
He has a soul. He didn't and cannot exchange it for anything.
They have no soul.
Very nice home, cars, smart suits and very well fed. Other people expense and loss. These are toxic people.
Over fed over paid over Medicated under educated
VERY OVER FED !!!!!¡!!!!!
@@lenoxlenox9447 ? undereducated? Some have high educations. what does that have to do with morality? ANYone can be immoral.
just a bit more toxic as everyone who trusts in good profit on wall st
greed of ppl fed those hienas
@@lenoxlenox9447 over educated in personal lies as worldly truths. hahaha just as fake as big pharma today.
"Judge a man by his questions rather than by his answers" - Voltaire
That Dick Fold is typical psycho...and they knew it....
Soooo
People never ever should allow psychos/narcissists get such a position, because psychos dont mind anything...ANYTHING
and they never hesitate to destroy everything they can....they dont mind
Many narcissist/psychos are lawyers, bankers, doctors and politicians......remember about it and be careful
Greed at every level is destroying our country and world.
And those with no conscience.
every world is just personal opinions believed as facts. "on earth, here now, in the heart!" -heart and earth same letters unconditionally one unity-
And today, the strongest economy in the world, will soon have a fraud, grifter and con man as its leader. Way to go Maga bobos!
His father says he made a 'mistake'. No....it was not a mistake. He did it intentionaly.
His mistake was thinking he wouldn't be caught. It's unclear why he hasn't been prosecuted nor any of the other people involved in similar activities in other banks and funds.
But he was a small fish. The big fish kept the money and continued.
Banks don't have a multi trillion budgets dwindle down to zero and not notice until the Sunday before the crash by accident.
Indeed!!! "Everyone wants that, money, power etc." It shows the sick pathological soul! He learned NOTHING!!!
And that’s how you raise a greedy little con man
You can't expect the Mafia to police the Mafia..on behalf of citizens.
Best comment!!
What is the difference between the gov and the mafia?
@@lamontpearce170government gives absolutely no shits about you or your protection whatsoever in any capacity and just wants to take your stuff for the sole reason of their own greed. At least the Mafia cares about their people to some extent and protects their own while granting others stuff for actual reasons, not just greed
Yep, most governments are the biggest mobs. You think the U.S. has 800 military bases all over the world because we're the global policeman? We're the global gangster.
Contra Nostra was the octopus , they had a hand in everything, no wonder the government got rid of them so they have no competition
Problem is the humans have not learned from this and it's about to happen 10 times stronger...
Respect to this man for speaking up.
A wise man said: If you want to rob a bank the best way is to own one. A big one.
That was Bill Black. He’s in this documentary and wrote the book with that title. He oversaw the credit union demise in the 90s and knows.
Edit: His book is called “The Best Way To Rob a Bank Is To Own One.”
"Give a man a gun and he can rob a bank... Give a man a bank and he can rob the world!"
That's robbing people not the bank if you own it.
No accountability. No consequences.
Greed and Fraud abound. Criminality rules.
Thanks to criminal Obama.
They're called, according to Jesus : children of satan
There is a lot in Hell with their name on it.
If I stole $400 MILLION I would STILL BE IN PRISON, I Wouldn't be free walking around
Until the Lord returns.
I was homeless, got into drugs went to prison, and then I got to know Jesus and he changed my life...Heaven came through for me in my finances too, getting $50,000 in 2months. I can support God's work and give back to my community. God is more than enough! Now I have a new identity and am a child of God
I'm 43 and have been looking for ways to be successful, please how?
Every one of my prayer requests is about to manifest in the Name of Jesus I receive and connect with this message in Jesus' Mighty Name Amen 🔥🙏
Sure, the investment-advisor that guides me is...
Ms Cathie Wood
I Met Mrs Cathie Wood last year for the first time at a church program, where she greeted a friend of mine also a church member, and fortunately for me, we exchanged contact and got along. What God cannot do, doesn't exist" I truly believe this word 100 percent❤❤❤
The rich get richer…politicians get bought…and the beat goes on…
That’s for sure
Once you sell yourself to the predator class, you can never stop. This guy didn't know that.
Until their Utopia is achieved which looks a lot like what Stalin had.
Read about it 🎵 midnight oil 🇦🇺
Wait till ubsee the great unwinding getting ready to start this time!!! Lol
The goal wasn't for everyone to own a home, the goal was for everyone to have a mortgage loan. Sixty years ago people paid cash for a home.
Sixty years ago you didn't have to be a millionaire to live in a decent area
i paid cash for my home 3 years ago....people still do it dummy and I'm not a wealthy man...it's called being frugal and saving
No they didn’t. You need to revisit your history.
60 years ago people still took out 30 year mortgages. It was just affordable and with less variability
60 years ago the bank that issued the 30-year mortgage held that 30 year mortgage until it was fully paid. The bank didn't slice, dice, and package risky mortgages for resale to investors.
The money that disappeared is the money these people stole and lived a lavish life. Money stolen from the people. And then they were bailed out with tax people's money. He showd no remorse for what he did. He is upset he went to jail and the others didnt.
So how does he live today?
How much did he walk away? I'm sure he is still living the lap of luxury.
What they did giving all those people loans that couldn't afford them is appalling. Those people didn’t lie or falsify their information. These people were targeted by these blood suckers! They knew they were unable to pay a mortgage. They played on people whom wanted a home.
Why can’t this be tried as a class action lawsuit with the ICC?
How is international financial fraud, especially at this scale, not a crime against humanity?
Happening all over again right now, because nothing changed to stop the deregulated finance industry’s fraud.
Good question...
Amen 👏🏼 ❤
Almost 100% of all lawyers value living, there would be a lot of suicides.....never poke the bear, and never grab a bull by the horns!
I wonder how much money our politicians made?
Clinton's, pelosi, Newsum, browns, bushes, any name they made money, and a lot of it!!!!
There is a reason it is called the American Dream...You have to be asleep to believe it.
Ahha! 😬
But how many really want to live in an apartment or a tent? The problem arises when people want houses and properties that are beyond their means financially. The real lie is that the economy and property values will forever spiral upwards, so you'll soon be able to afford it as you'll be making more money. You might, but you'll be taxed more and inflation will make everything else more expensive. So, you really don't gain much in the long run. Add in a renovation, a few new roofs, property taxes and you may actually be in the hole decades out.
😂
Asleep? Like good ol' Joe ? 🤣
Don't wear it out! That quote has been a bit overused, no?
Seeing things like this make the average person not want to OBEY the rules. Something's got to give.
It's such a way out for people to say they "made a mistake", when the words should be "I did something bad". There's a huge difference.
@@tertiasmith6253 Crooks show no remorse for their crimes they only regret getting caught.
His dad saying his son made a mistake told me how the thief got that way. His dad was an enabler.
@@cookielapaz8927they make so much $$ that the Fine is just a Cost.
Frightening! Why aren't Richard Fuld and a bunch of others not in jail? This is crazy.
Bcoz so that we won’t know who asked them to do it.
I’ve heard guys say Dick Fuld should still be able to get some Brown Sugar in prison.
If you live in 🇺🇸 start saving money because we are headed for another Great Depression like what happened in 1929. Downsize if you need to!
I lost my family’s home, a family condo and my life savings. All because banks and our government didn’t want to help when it all went to hell.
I lost over $500,000 and didn’t recover a penny back. Now struggling…
I even lost my health, never to be 100% because there was no help or assistance for those who wanted to do the right thing. Everyone walked away.
I decided to help a neighbor save their property when I lost mine. So we moved into their home to save their house/home.
Today still struggling, I still give my time to Veterans and civilians alike 110% to help them with necessities and benefits, at zero charge and 100% gratification.
But, wealthy don’t understand that helping is better than taking advantage of others regardless of…
…if had a bit more, I would be able to help others more than I actually do. Those that have the means too can’t even help themselves and they don’t realize that. SMH.
You must have put your money in the wrong place.
I got one of those loans, as a single mom, in 1995 (yes, back when it was "common knowledge" that single women didn't get mortgages). Five percent down, balloon to refinance after 7 years. I knew I could afford it, just couldn't prove it. I am so thankful for that opportunity! My home is paid off, I have no debt and at 65 am now comfortable. It was difficult at times, but I was never late on a single payment, no matter what I had to do without to make it happen. I know that I am in a very rare group, that most had no clue how to know how much debt they could handle, how to borrow it, how to handle it. I am grateful that my perfect credit made it possible.
Perfect credit today is un- available…”they” want us crushed
You outsmarted the bad guys by working hard. ❤️ ❤️ ❤️
Sounds great now it seems like all you have to do is live to enjoy it because usually when you work that hard to have something once you get it taken care of you don't have many years left to enjoy it from working your whole life. And if they want to put a interstate highway there they will take it from you if you don't pay your taxes they will take it from you if you don't pay your homeowners insurance you may lose it due to weather so I've always been told that our home is a money pit it's only yours in a timeshare. Because at some point someone else on the home that Jack built. . They don't get me wrong it is a great investment but the insurance isn't that good
Now, over 60% of people will never be able to afford to buy a house. World Economic Forum head Klaus Schwab wasn't kidding when he said you will own nothing and be happy. Well he was kidding about the happy part.
Common knowledge that women didn’t get mortgages? 🤔 My mom raised two boys by herself and had a mortgage back in the 80s….
I spent a year working in the USA in 2007 (I’m from Australia), every department store I went into offered me a credit card no questions asked. It was ridiculous.
Then I moved to NZ and was offered a $1 million home loan after explaining to the guy my pregnant wife was about to stop working indefinitely and I earnt $70k a year.
No wonder the whole thing collapsed
Guess who was blamed for it on mass media ? “Irresponsible “ poor ( = “irresponsible blacks “) who were given loans by Obama ( yeah, lol!). Bankers were just victims of government that forced them to give home loans to irresponsible people. This narrative pretty much saved bankers. It was sort of - oh, we had no choice. So it was government and irresponsible poor who should be punished. Government bailed banks, and irresponsible poor were punished with unemployment, social programs cut and inflation.
Because you were from Australia.
😂
Yes, I'm Australian, and I was surprised 😮 at that
Damn!
Thanks!
Those that fail to study and understand history are bound to repeat it. Now, it has come from the grave to haunt all of us.
And ... it's about to happen again ... brace for impact
I was looking for this comment I’m surprised it’s not being said more … wow just wow no one is prepared it seems
And the way it's going, it will be a lot worse
Isn't that what the Pandemic was? A way for the elite to make huge money by creating a bigger crisis than actually it was and ruining people's lives.
I've been in a brace brace position since Covid hit... the whole world economy is held up like a house of cards with a few band aids in place.
When there's no payback, except from the tax payer you can be sure someone will push it again
When the farmers, builders, and laborers realize how we are being used.. maybe the world will wake up... unfortunately, probably not.
Unfortunately so many easily brainwashed bu the media.
Why is he free? He ruined so many people's lives. It shows crime pays.
Gonna guess he didn't come out of this with $3.98 to his name, either.
Investors believe they can make a profit without doing anything but transfer numbers to someone else to shuffle about. For the investor to make money, someone else has to lose it. As he said: greed is the driving force behind all of this.
ALL these mega thieves may appear to have got away with it, but be assured In the end they will pay the ultimate farthing for every one of their victims!
@@harisdiz.5817 will AI affect this?
He defrauded the banks. The banks ruined people’s lives, what they did is an entirely separate thing to his crime (a fake hedge fund).
the fact that poor people got loans for a home was not the cause of the crisis, it was the securitization of the loan.
But many defected on their loan, it's coming again, houses selling too high for crash that's coming.
Yes securitization, but that there *wasn’t* actual securitization, just transfer, without due diligence.
It’s like now, we have Nvidia round tripping to inflate its stock. The question is why our media doesn’t jump on this, only the Financial Times did 1 story on this activity. Wall Street, just loves fraud.
The fact that AIG was allowed to sell subprime mortgage back securities as AAA products suggest that there were some major players behind the scenes facilitating the whole debacle.
Yet, when citibank refused to sell to those who couldn't afford it, Obama sued them for "discrimination". So, they can't win!
I can relate. I just got out of federal prison for wire fraud for the theft of $480k. I had everything and lost it ALL. My life has been altered in ways I cannot begin to explain, in many ways for the worse, in many other ways I am blessed to have this opportunity to learn and truly grow into a much more responsible and rational person. Was it worth it? No. Unless you factor in the self improvement factor. We grow through pain, and that is unfortunate.
They should have kept him in prison for ever. He destroyed millions of lives financially, But he is free and enjoying his life . Crazy justice.
The same goes for mass murderer s walking free
There is the 0.3% probably who have been doing it for centuries but skip the radar. Rothschilds owned 50% of the planet in 1900, now maybe 80%. Karma will catch up.
I agree I found in amusing that he objected to not having special privileges as a white collar criminal. I had shared this on my FB but took it down because it's a fraud. Greed is greed. How many people would turn down power and wealth? I would because I value my soul and sleep.
Because evil prevails when gooooood people are silent
While we were sleeping:))) haha
And those who perpetrated the 2008 crisis are the ones leading the world today. And we continue to allow it.
Yet my parents call me crazy for thinking it'll all collapse. As if the scammers have a plan to fix it 😂
The dude has ZERO remorse, just anger at the ones who got away.
🎯💯
Total prick.
I think he is a sociopath
@@singingway most of them if not all....seriously - doctors, lawyers, politicians, banksters are narcissits and psychs, mostly
WE SHOULD screen people for these professions very carefully...otherwise they will finish us off, as is happening now..they dont mind, you know...
Learn how to grow food
Learn how to build your own home
Learn how to live off grid
Learn how to make things
Learn how to trade with them
Learn how to plan & prepare yourself for a crisis, a disaster, disease, severe weather conditions - the whole cocktail of survival.
When you've dealt with all of the above only then can you call yourself a resourceful & independent person. Anything & everything connected to wealth obtained from vulnerable public sectors & unstable innovations will inevitably implode & dismantle entire populations.
Greed always wants more ...
Agree. Our Father Bless You Abundantly 🕊
When I discussed these facts with my 49 year old daughter she told me I had very extreme views.
@@RonaldSkancke Plan & Prepare ... Without you for sure! Along with you, resourceful to overcome severe conditions, when Prepared. All the Best.
wow
How so true
"Everybody loves a bubble". Except people who can't afford a bubble. It's profit on the backs of low income earners, single parent families and, arguably, those lower paid essential services employees who are the backbone of every community: nurses, teachers, support workers. In Australia we now have a situation where the most vulnerable are unable to even rent are sacrificed for greed. Disgusting amorality.
Even he is guilty, the fact is that the real criminals are free to continue their crimes 😢😢
I think you mean the BIGGER criminal, because he is a real criminal.
In reality it was not only banks but government laws , Fanny May and Freddy Mack. Read book , The housing boom and bust.
their system, their rules.
Evil prevails when good men do NOTHING.
Absolutely
Soooo true
16 years later good men are STILL doing nothing
@@hopefully2224than are they really good men??
@@hopefully2224
yep, trying to get by while we support the ultra rich.
Exactly why I have never given my money to Wall Street…Buy Land! Grow your own food…become independent of Govt…True Freedom!
This was shown well in the movie The Big Short. As it said in the closing scenes, only one small time trader who was only doing what all of them were, went to prison. The really big guys got clean away. But then, when you're really big, you have the pollies in your back pocket. He didnt.
Why don't these crooks do serious jail time?
@@Chris-m2o1s Because the entire system is as crooked as a corkscrew in a gale. Only the really crooked can lie in it without touching the sides. Everything we ever believed about it was one huge lie, and it's only now we're beginning to see that. They own the judges, the system, the pollies, the elections - every single damn thing. And we have nothing but each other, and the mass of numbers we 're too brainwashed to realise is the biggest power of all. But we dont know we have it, so we dont use it. and thus we get screwed and they get clean away.
This guy still thinks he did nothing wrong. Typical psychopath
Yup, he is free now after babling some obviously village idiot knowledge.
He's complaining that worse offenders got away scott free. He didn't know his place on the pecking order..
These are the unconscious people (the 99%) - that Buffett & Munger despise. Sick individuals that damage society because of their ego.
typical dyuwh
This is a main part of the problem, the psycopaths and sociopaths have no morals so inevitably they rise to the top.
No words to describe these criminals....
''Most of the great problems we face are caused by politicians, bureaucrats, financiers, elites, bankers, pharma, MIC, big-agri, big-bus, msm, and kindred.....; creating solutions to problems they created in the first place." - Walter E. Williams
The evil prevails where good people are silent
Absolutely!
fraudulent capitslists
Problem, reaction, solution
Hegelian dialect , never let a good crisis go to waste, order out of chaos.
I worked in sub prime mortgage default servicing since 99. I saw this coming in '03 when all these loans were boarded. You can't tell me these MBS packages went unaudited for 3+ years.
The relationship between bankers and politicians is as old as their child “The Oldest Profession”.
There is NO amount of money that could provoke me to even CONSIDER bringing about any type of intentional harm to another person. I can't even relate to someone who thinks otherwise.
some people are parasites. if the country fails, they feel no guilt to pack up and move to the next host. fuld is one of those and his tribe even has had a flag since the 1500s - even though they lived in other countries...their loyalties were not to the country they lived in.
You have never been offered such money it seems. And guess what: to get that offer you have to work really hard and hence you will feel entitled to it.
♥
@@regaltilapia not everyone is susceptible to evil. Some of us are devout, loyal to humanity, committed to our collective evolution.
If Dick Fulds destroyed Lehman Brothers then why do I still have to pay Lehman Brothers for my mortgage loan! The con goes on and on.
I heard that mortgage borrowers've been able2 stoo paying because when asking for the original contract at the bank that lent2them, it couldn't be found.
"stop" paying I meant2say
And Obama increased the loan amount!
This next one starting will be double the size!
They are all from the same world anyway!!
What about the lawmakers who made it possible? No accountability. None.
As soon as I first heard 'subprime' I knew it was marketng speak for 'worthless.' And when Wall St repackages 'the best financial instrument that ever was' and sells it to retail investors you know you're being screwed.
"Subprime" is a euphemism for "high risk".
Spot on. Can’t believe anyone with a brain would buy these repackaged 💩 loans/mortgages. The mind boggles.
TRUE
They say the poor always have their hands out, but so does the greedy and they get their money from poor. Get ready for round 2.
It's called legalized 'extortion'... And the only people who could cure our country of this parasitic kleptocapitalism insanity are heavily benefiting from it at the highest levels of government... These people are so powerful they can even literally bypass laws against overseas people running for the White House to carry their corrupt philosophies, but then, they have repeatedly told us who they will 'allow' us to vote for because they have vetted as many as eight people running for president at different election cycles. We have not had a fair election since Eisenhower. These were the dangerous people Eisenhower warned the nation about. And yet, anyone, who defies these usurpers of leadership who regularly orchestrate election theft, has their reputation ruined by knee-jerk religiosities in the culpable media, i.e. Gary Hart, Al Franken, Roy Moore, Trent Franks, John Conyers, Donald Trump... But if these politically disobedient repented the self-appointed political usurping elites who never run for office themselves will bless these repentants like Bill Clinton, GHWB, and others... If they were 'sinners' while not following the globalist One World Order party line, why were all these sins absolved by those playing god later? Jest thinking out loud...
i believe there are 2 type of drug dealers, legal and illegal. Same as robbers.
@@gimpee8113 Couldn't have said it more succinctly myself...
Yes, it is coming soon, in the way of total contro; be the Digital currency being put into operation.
This guy had such a smug smile; NO ONE I know has defrauded people knowingly while looking at someone dead in the eye…why is this guy walking free, unbelievable what money can buy
Don’t get me wrong it’s terrible no one was held accountable for the 08 financial crisis. But even worse is the fact we did absolutely NOTHING to stop this from happening again.
Right....
They are still selling those CDO (collateralized debt obligations). MBS (mortgages).
They even created a NEW one, CLO (collateralized Loan obligations). car loans, etc..
Stop electing Democrats and Republicans. They sold us out......
Coming right up...
Because graham rudman was repealed. It stopped banks from investing in risky investments like the stock market. My finance professors warned students about this. But since all these parents think that they to give their kids whatever they want. The kids grow up feeling entitled. Hence the greed, selfies, etc.. i am very happy that i did not reproduce. I would probably have my head stuck inside tech and just paid them off so i would not have to be bothered. Lots of admirable parents out there!!!
It wouldn't happen. The criminal syndicates are in DC. Back stopping.
It started way before 2008
It seems there should be a Part 2 to this, detailing how the main actors explained their way out of not going to prison, but that would be beyond credulity.
The real rulers are anonymous.
Usa.
Goal is not working, goal is being successful and having money.
It's funny that the inside Oliver Budde says, "i was earning a lot of money..." No you were complicit in the stealing of a lot of money until you got out first
You have proof of that? It's quite possible he was just like the whistleblower; trying to do a good job, until he realised the company was crooked.
@@EvoraGT430 only his self incriminating testimony in this documentary
He was an ENABLER of Fuld & Co
By working for Fuld
It seems that the only thing he is sorry about is that he went to jail while other (bigger) criminals got away scot-free.
It doesn't look like he lost everything ... he's wearing a mighty nice suit and sitting in a house that looks multiple time nicer than mine.
I agree that it is a crime that the other criminals got away unscathed. They should all be in prison. And none of them should be able to keep their ill-gotten gains. STOP making crime pay and maybe there wouldn't be so much of it! 🤔
He ain't miss no meals either, huh?
"...- przestań płacić za przestępstwa..."& Bankowe i ich przebiegłe zaplecze lobbystyczne? To wykazujesz w więzieniu 🥺🙎kredyt spłacony i pozostałe opłaty to " koszty bankowe " zarobione symulacje i było 13tys.zł. 💵📉po " koronie epidemii" 2 razy urósł dług 26tys.zł.📈💷 wszystko zgodne z regulaminem banku a sąd polubowny rozstrzyga sprawy do22tys.zł. Złodziejstwo w ramach prawa bankowego które sami sobię ustalają a w kredytach hipotecznych łączenie dodatkowej opłaty " ubezpieczenie na życie kwartalnie + roczna składka od pożaru" , byłam poręczycielem ale bez powiadomienia zrobioną z mnie kredytobiorcę+ długi odsetkowe komornicze bo kredytobiorca zachorował i nie poinformował:- zmuszona opłaciła wszystko i dalej opłacam i nie przeszkadza banku iż nie mam stałej pracy i nawet obywatelstwa - aby kasę wpłaciła i szemrane interesy przez "ubezpieczenia na życie"&" zaspokojenie" w/m dzieci i aranżacje wypadków 🙎 kryminał w zakonie bankowości 💰🫵& z VIP biznesem a w mniejszych miejscowościach to samo :- idzie damski bokser czy pedofil do księdza i układ finansowy kryminalista bierze kredyt zmuszając swoją małżonkę o poręczenie i płaci władzy zamiast budowę zakończyć a małżonka opłaca dług - taką rzeczywistość wiele rodzin doświadcza a kleru & władzy kasa na budowę marketów i lux samochody a ofiary spłacają kredyty pracą i po pracy pracą szok!😮 co za kryminalny system? 🤦🥺
All the judges are corrupt so no consequences😮
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@OnkelFrauenknecht Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* , a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
Oh please I’d love that. Thanks!
*MARGARET MOLLI ALVEY*
Lookup with her name on the webpage.
How did you all skip from he started a company in his basement to it being a Hedge fund? Did his parents provide the initial investment? Who were the early investors needed for the fund to be considered legitimate? There's a huge gap that needs to be explained between "starting a company in a basement to it being a hedge fund.
My dear old dad told me “until you learn to go without,,, you will never have a thing” never truer words we’re spoken,, in 2019 I paid cash for my home,, I’m a truck driver not a banker,, it’s still doable
As a Christian, I’m not surprised at all that they did this. I’m also not surprised that they were never caught and held accountable. Selfish, greedy men have always ruled this world. And until the Lord Jesus comes back, they always will.
Matthew 6:9-10 🙏
It was NOT the government that paid, it was the taxpayers and most citizens. When has the government ever made money, they onnly SPEND OUR MONEY.
This is not correct. Taxpayers get money from the government. The US government is the issuer of the US dollar. The govt must spend *first* and then tax some portion back.
This is correct. Every government is a leech upon a productive society. Essential services such as security and law and order could be provided by a minimal state costing possibly 5% in taxes instead of 50% of our income now. The non-transparent FED creates money out of thin air and then lends it to the government. Since the pandemic high inflation has become another unbearable tax due to unlimited money creation.
The government does not have any of its own money. It is all derived from people’s productivity.
The government produces nothing
Check your false ideology and bad economics. Being stupider than them isn't going to solve anything or do any good for you or anyone else.
@@ChristianWagner888 - The Fed does *not* loan money to the government, not does it charge interest to the government (it conducts monetary operations). The Fed is a net payer of interest to the government and banking sector.
The recent inflation was not caused by "unlimited money creation"-it was caused by pandemic-related supply shortages plus opportunistic price hikes by price setters.
The government issues its own money, the US dollar. The people have no money until the government (or its licences agents the banks) issues money. The people's productivity derives from government creating & spending money into the economy. Markets emerged from govt money systems-not the other way around.
If you have enough money you can also buy a supreme court justice or two, maybe even five or six.
Justice and accountability are for the poor and middle class.
Soros
Alito, Thomas
Sadly True
@@foilrider2000
Trump lost
Biden won
Connections, Power, Money and No quilty consciene in financial policy make all to a big fish. Let Start with promises from the best politician in the World. Bubble over Bubble.
I understand this intrinsically! Both of my neighbors supported him and there is something to be investigated here. My neighbor who’s son is named Jason should speak out!!
I’m glad he lost everything in his eyes. Back in the day he would have lost his life for robbing people of there money. He was scamming from the beginning
I’m not really worried about him living a million dollar lifestyle after his parole in Canada. Ultimately, don’t think he is that stupid declaring every single penny!
And yet, the whole social media is about investments. Stop supporting business without morality if you want to have a change. Otherwise nothing will ever change for better and there will be continuously growing divide between poor and rich.
Hi from Ireland ☘. Am just a grandmother. So what DO WE DO TO STOP IT FROM HAPPENING AGAIN? Thanks for doing this documentary
Fantastic documentary. Those of us who were in the mortgage industry during the early 2000s predicted this meltdown. It was such a redirection of lending requirements, it was obviously going to explode at some point. Disgusting that none of the large investment firm leaders was held accountable.
Just proves that the rich & powerful ARE above the law.
If any middle or lower class people pulled these stunts they'd be in prison for life
No sir, not everyone would sell their soul for money and power. There are still honest people with good values out here in the world.
I agree, but he's right about lots (most?) of people. E.g. put 1 million dollars on a table with one hundred people around...
I was just about to say that ! 🙂
@@ngc-ol9nbyou forgot....and turn off the lights. Nobody will be alive.
But they don't amount to much.
And you won't find them on Wall Street.
Problem is good people don't have enough money
Una Joya de documento. Es una lástima que esto no se enseñe a nuestros jovenes. Parece mas importante la recompensa que el camino que te lleva a ella y el aprendizaje que se puede adquirir en el proceso. Un abrazo para todas esas personas de mente inquieta que se encuentran en la constante búsqueda de saciar esa curiosidad sin límites. ❤
Aquellos que solo persiguen ganar más y más dinero, solo buscan compensar el vacío existencial que los roe por dentro... Buen documental. Gracias por compartirlo. Saludos...
They are not the followers of Christ, so they don’t think like we do
I know you are right. Thanks
you are so right
You're too kind.
Simple answer; the vast majority of people don't want huge stacks of money or hunger for unlimited power it's an idiots game and not the fools game.
Hebrew 13:6 We may bodly say, "The Lord is my helper, & I will not fear what man shall unto me"
The victims were people like me, small investers through trusted banks that blew up our investments and never compensated us for their crimes.
Banks decide who heads the Federal Reserve. Over the decades, it had always been "one of them". Guess whose interest he/she will prioritse? In the meantime, not only do the ordinary citizens in the US suffer the consequences, it's the whole world.
Because most people are sheep….the wolves will continue to eat them……
Because the bankers are the shareholders of the Fed. and the NY Fed etc. Most of the banks are or were financed by old European money, a US Senator once said. Work that one out.
No, it’s a political decision. Appointment by the President of the U.S. , and Fed chair and vice chair in effect appointed, but nominated, then confirmed by the Senate, it has always been a rubber stamp nomination. The first head of the Fed was an attorney and politician and assistant US Treasury official.
US Treasury receives all Federal Reserve profits.
The Fed is a private organisation. Owned by private banks. Check for Jekyll Island, 1913, Wilson ...
They own your dollars ... And they print as much as they want. In fact, they own YOU.
The president nominates the Fed chair, and the Senate confirms it. Jerome Powell was not a banker-he's not even an economist (he was a private equity lawyer). Powell's mistake was to raise interest rates.
Perhaps the next documentary could explain how after all this, the Canadian government, Bank of Canada, the top five Canadian banks, and dozens of fly-by-night Investment and Mortgage Brokers, can get away with repeating this TODAY in Canada!!!
😡🤬
He has no remorse for his crimes. Not to mention all the people who lost their homes and the children who were homeless
It is disgusting. Who in there right minds would send a family out of their home. Disgusting.
And So many are Still homeless or living in their Cars
He is a lost soul. He will have to pay sooner or later.The Universe is eternal, this life is fleeting, he has a long hard path top tread
Not holding these people responsible is the real crime, bankers got bailed out while the average Joe home owner got thrown out, it's a fucking disgrace.
it is a plan that worked exactly as they planned.
Let's not forget about the big fat bonuses they all got as well. Americans have become spineless wimps.
They are disgraceful, they don’t care and they are doing it again, on a much bigger scale than ever before.
"There are just levers which moves man, the first is Fear and the Second are self-interests." Napoleon Bonaparte...😮😅😊
Boy, what enablers. They call it a mistake. He tried to qualify his greed and pride. He will , promise you.. will turn around and do the same exact things..
Smaller traders have to be careful as when dad was on vacation his broker played his money and lost it all. The Securities Commission took away the brokers Liscence but dad never got his money back😢 It was hard on dad as he was in the middle of Alzheimer’s and that troubled him daily 😢❤❤❤
Still going on today but instead of toxic mortgages 🏡 it's now toxic 29% credit cards 💳 and 12% car 🚙 loans
My mom was on one of those mortgages even after 2008... It had a balloon payment and if I hadn't noticed in the fine print she would have lost her home coming into the 4th year paying the loan. Absolutely sickening what these greedy investment companies will do.
Also in current day were about to go through another... These investment companies are now telling home owners to take out their equity on a second loan to prepare for the crash. Its criminal..
How does a person like this live with themselves...!
Because they're sociopaths and have no conscience. They never feel sorry for their victims... only for themselves when/if they're caught.
I once said that to a rich guy who was a pretty ruthless businessman, and he responded "those people sleep very well at night because they are not worried about others"
Easy they have no conscience. They lie to themselves
What a great documentary.👏👏
I worked in the loan industry in souther Cali at the time and that was a Circus. Anyone could ve get a loan with out any credit history.
Bank managers and real estate agents were making a fortune for every loan approved. So everybody was appoved😂😂😂🍺🍺
I am convinced that literally some of us are human some are not. Oligarchs are not human. Souls don't exist in them. Two or more different beings on earth.
Yes, true!
Decent humans and vile psychopaths!!
Trouble is, those psychopaths prey on the rest of us!!
"Psychopath" is the word you're looking for.
Nephilim offspring.
Money corrupts people's souls when they get it, they get the power and have to become soulless people to maintain what they have
I live in a neighborhood full of small “affordable” homes (that cost more than 3X what they did before the crash). More than half are owned by boomers who made money off the equity in their homes after housing prices soared. Rental prices have doubled since 2020, and many of the homes for rent and sale are empty, because the average American has been financially crushed.
Think about this:
The Government paid for the bad loans that the "homeowners" took.
The bad loans are now "GOOD", because the government just paid.
Then, why the people didn't get to keep the house, since it's paid for already???
It’s not that it was executed well, it’s that they are protected. Almost as if they are part of a brotherhood that protects their own. ..
How come Freemasonry is never mentioned? It’s worldwide, found in the oil rich Middle East, China, South-East Asia, the EU and US among the “elites” of most countries in the world.
almost?
Lol you noticed ::
Isn't it strange, that my comment right here mentioning one such worldwide brotherhood gets silently deleted? Did the OP or TH-cam delete it? It may not even be the same brotherhood that we are alluding to here, but at the top they all collude anyways. The one I mentioned starts with an F, ends with a Y and has eleven letters. Also strong in the Middle East and Asia...
But ALLAH is bigger than their brotherhood.
Watched 10:20 of this video and felt sick, then angry, then furious. And his Father saying he made a "mistake" was where I drew the line. No wonder he did what he did with a parent like this ... when he knowingly, wilfully and intentionally defrauded millions! Absolutely disgusting that anyone who thinks and behaves like he did should be allowed to breath air.
it is called narcissist
I'm with ya. Tell it to the folks in the " heartlands" all over the world. Educate them.
Lost me at….. Wasn’t Paying Taxes……. On top of false returns…..😖😖😖😖
You know how much taxes arent paid brother?
Very disturbing what happened without anyone being held responsible for their fraud.
Obama was in office when this happened! He was so corrupt!
Had no idea if Fuld was Jewish or not, went to Wikipedia and was not surprised to find out he was
In Asia,they packaged the product as guaranteed return unit trust..many Singaporeans lost a lot of money..and never got the money back..when Lehman collapsed...
Wow, all those buzzwords: “guaranteed return” and “unit trust”… Any “investment” that says “guaranteed return” is already suspect.
Would you have bought it under the name “repackaged subprime mortgages” which these unsecured “securities” were?
Tell your Singaporean friends to get out now. Round 2 is fast approaching.