"Goldman Sachs made windfall profits this year even while many of its rivals struggled amid the weight of the recession, was on track to pay an estimated $19 billion in pay and bonuses"Michael "white tennis shoe" Moore has seen the enemy and it is Wall Street and Goldman Sachs.
Bob and Harvey Weinstein produced the Love Story with a $1 billion fund from you guessed it".Goldman Sachs. [1]
The only thing these scoundrels are guilty of is being "Whiteman Givers." [2]
They created money out of thin air, so you could buy the house of your dreams, with a loan you did not deserve (because you could not qualify) and now they are taking it back" at a loss.
"In June, the total loss from the write-downs on 3,135 loans was just $45 million. But the losses incurred in foreclosures because the industry refuses to modify the loans in the same period were a staggering $4.59 billion.""There is 100 times as much money lost in foreclosure sales as there was in writing down balances in modifications." said Alan M. White (man), an assistant professor at the Valparaiso University law school who analyzed data on 3.5 million mortgages held by some of the nation's largest loan services companies, such as Bank of America, Chase Home Finance, Litton Loan Servicing, and Wells Fargo -- the companies responsible for putting these mortgages into large securitization pool.
"Alan White" man's take on the foreclosure crisis: "That is not rational economic behavior" [Even for Whiteman Givers].
Footnotes:
[1] How Goldman Backed Moore's 'Capitalism' Movie, click here
[2] But of course Europeans were the real Indian givers, repeatedly promising the Whiteman's reservations by treaty and then stealing them back once valuable farmland or minerals were found. The term has thus inadvertently become an acid commentary on the character of its inventors. I think it's poetic.
