The Guy Who Screwed U.S. Economy Hearts Hillary Clinton

[brendablethyn 536]

The man behind Goldman Sachs’s infamous bets on the housing collapse now buys foreclosed homes and rents them out—but not to anyone convicted of a financial crime. He’s also a big Clinton donor.

Wall Street is buying Main Street one foreclosed home at a time.

The houses—more than 200,000 of them—are then rented to folks who continue to struggle in the aftermath of a near financial collapse in 2008.

And one of the leading figures in Wall Street’s scavenging of the wreckage created by Wall Street is also a big time backer of Hillary Clinton.

His name is Donald Mullen, and he was once the global head of credit at Goldman Sachs. He was credited with devising the infamous “big short,” by which the firm bet bigger than big that the housing market would collapse even as it was urging customers to invest in it.

“Sounds like we will make some serious money,” he famously emailed colleagues in 2007, at early signs of the impending implosion.

Mullen left Goldman Sachs in 2012 and made some more serious money by becoming one of a number of Wall Streeters who are acquiring and leasing thousands of foreclosed homes.

Mullen embarked on this new endeavor with Curt Schade, formerly a managing director at Bear Stearns, which failed at the start of the financial crisis. Mullen and Schade received a $400 million credit line from Deutsche Bank, which survived thanks to billions of dollars in direct and indirect financial support from the government.

The new firm came to be called Progress Residential. The name takes on an added resonance when you visit the website of the major pro-Clinton super PAC Priorities USA Action, to which Mullen contributed $100,000 in June. You are welcomed by a picture of a smiling, waving Hillary Clinton and a message:

“The story of America is one of hard-fought, hard-won progress. And it continues today.”

The $100,000 to the pro-Clinton super PAC was noted by OpenSecrets.org and reported by various news outlets. The Washington Post has further reported that Mullen is one of 146 people who have contributed to all six of the federal races entered by either Hillary or Bill Clinton.

http://www.thedailybeast.com/articles/2016/04/26/the-guy-who-screwed-america-s-economy-hearts-hillary-clinton.html

[Pop 4,541]

not interested in this anti-Hilary propaganda.

Talent always wins. 

[LebaneseDude 6,146]

[Emvee 8,865]

So why isn't this guy in prison? 

[Goosey 3,017]

“And so I say to you Goldman Sachs, I am on your side. Do not pay attention to the noise of the political season, I will always remember your support and put your priorities first, above all else. Thank you.’

 

Clinton received $675,000 for three speeches she made to Goldman Sachs in 2013.

“I remember feeling like she worked for us,” said one former Goldman Sachs employee who was at the event in Arizona in October of 2013. “Now she’s telling people what they want to hear so she can get elected. But back then it sounded to us like she was our employee.”

At another speech to Goldman Sachs in New York in 2013, Hillary Clinton spoke about how the banks were not to blame for the financial crisis and that she would make sure that the American people would always bail them out “no matter what.”

“It felt like a generous tongue bath from a loving puppy,” said one person who attended that speech. “I can understand why she wouldn’t want anyone to see the text of these speeches, it makes her look really corrupt.”

[thefamebitch 834]

If he legally donated to her, that's his right as an American citizen. It may suck, but if it's legal it's legal.