The ugly truth. America's wealth is STILL being concentrated. When the rich get too rich, the poor get poorer. These latest figures prove it. AGAIN.
According to the Social Security Administration, 50 percent of U.S. workers made less than $26,364 in 2010. In addition, those making less than $200,000, or 99 percent of Americans, saw their earnings fall by $4.5 billion collectively. The sobering numbers were a far cry from what was going on for the richest one percent of Americans.
The incomes of the top one percent of the wage scale in the U.S. rose in 2010; and their collective wage earnings jumped by $120 billion. In addition, those earning at least $1 million a year in wages, which is roughly 93,000 Americans, reported payroll income jumped 22 percent from 2009. Overall, the economy has shed 5.2 million jobs since the start of the Great Recession in 2007. It’s the worst economic downturn since the Great Depression in the 1930’s.
Two examples of rotten disgusting immoral behavior involving five very well known filthy disgusting rich multi-hundred-millionaire fake humanitarian celebrity pigs.
The ugly truth about the housing market, Countrywide, predatory lending, and the endorsements of Oprah Winfrey, Ellen Degeneres, and Dr Phil. Ch'Ching!
The first subprime loans were issued in 1994. It was a gimmick to sell more homes, artificially inflate the market, sell more homes at higher profits, foreclose on those who could not pay when the ARM rates readjusted, take their homes leaving them with nothing to show for their payments, resell the homes at a higher profit and so on. It was a cruel and calculated plan to sell more homes and artificially inflate the market. Those loans were incredibly profitable for well over a decade before the house of cards finally collapsed. In the meantime, bankers got richer along with the richest one percent who made off with higher dividends. It was a sham.
The biggest player in the game was Countrywide. Endorsed by Oprah Winfrey, Ellen Degeneres, and Dr Phil. If you have their shows from '04' to '06' on tape, watch them again. All three were paid millions specifically to endorse Countrywide by name. The biggest subprime player in the game. They issued more ARM loans than anyone else. Foreclosing on those who could not make their monthy payments when the rates suddenly went through the roof. It was a cruel and calculated plan to sell more homes, artificially inflate the market, foreclose, and resell for a higher profit. The sham worked like a charm for 12 years before the house of cards finally fell in.
At this approximate time, the worthless paper was sold to unsuspecting investors.
Oprah, Ellen, and Dr Phil were paid millions for their endorsements. Ch'Ching!
They have always had their ignorant love-sick fans eating right out of their hands. This alone is irresponsible. But to stand there and tell their ignorant love-sick fans to run out and get a loan from the biggest rat in the industry. That's just sick.
These three pigs are not naive little uninformed twits like Paris Hilton. They are educated, informed, and extremely savvy mass media juggernauts. They knew damn well about predatory lending. It was a common phrase by then. Still, they stood there and endorsed the biggest subprime rat in the industry. They did so with a big fat FAKE smile on their face. Unfortunately, public figures are not legally required to be straight with their ignorant fans.
But they God damn well should be.
Bono is no humanitarian. In fact, he made millions from a shady deal with Live Nation in which other investors were made to subsidize his multi-million dollar stock options regardless of market value. The stock tanked, Bono unloaded, and those 'other' investors did in fact take giant losses in part, so the filthy disgusting rich multi-hundred-millionaire 'humanitarian' Bono would not have to.
Ch'Ching!
Just another rotten immoral disgusting trick perpetrated in the name of greed.
Madonna secured a similar deal with Live Nation.
I've said it many times and I will say it many more.
There is no such thing as a multi-millionaire humanitarian.
2 comments:
The ugly truth. America's wealth is STILL being concentrated. When the rich get too rich, the poor get poorer. These latest figures prove it. AGAIN.
According to the Social Security Administration, 50 percent of U.S. workers made less than $26,364 in 2010. In addition, those making less than $200,000, or 99 percent of Americans, saw their earnings fall by $4.5 billion collectively.
The sobering numbers were a far cry from what was going on for the richest one percent of Americans.
The incomes of the top one percent of the wage scale in the U.S. rose in 2010; and their collective wage earnings jumped by $120 billion.
In addition, those earning at least $1 million a year in wages, which is roughly 93,000 Americans, reported payroll income jumped 22 percent from 2009.
Overall, the economy has shed 5.2 million jobs since the start of the Great Recession in 2007. It’s the worst economic downturn since the Great Depression in the 1930’s.
Two examples of rotten disgusting immoral behavior involving five very well known filthy disgusting rich multi-hundred-millionaire fake humanitarian celebrity pigs.
The ugly truth about the housing market, Countrywide, predatory lending, and the endorsements of Oprah Winfrey, Ellen Degeneres, and Dr Phil. Ch'Ching!
The first subprime loans were issued in 1994. It was a gimmick to sell more homes, artificially inflate the market, sell more homes at higher profits, foreclose on those who could not pay when the ARM rates readjusted, take their homes leaving them with nothing to show for their payments, resell the homes at a higher profit and so on. It was a cruel and calculated plan to sell more homes and artificially inflate the market. Those loans were incredibly profitable for well over a decade before the house of cards finally collapsed. In the meantime, bankers got richer along with the richest one percent who made off with higher dividends. It was a sham.
The biggest player in the game was Countrywide. Endorsed by Oprah Winfrey, Ellen Degeneres, and Dr Phil. If you have their shows from '04' to '06' on tape, watch them again. All three were paid millions specifically to endorse Countrywide by name. The biggest subprime player in the game. They issued more ARM loans than anyone else. Foreclosing on those who could not make their monthy payments when the rates suddenly went through the roof. It was a cruel and calculated plan to sell more homes, artificially inflate the market, foreclose, and resell for a higher profit. The sham worked like a charm for 12 years before the house of cards finally fell in.
At this approximate time, the worthless paper was sold to unsuspecting investors.
Oprah, Ellen, and Dr Phil were paid millions for their endorsements. Ch'Ching!
They have always had their ignorant love-sick fans eating right out of their hands. This alone is irresponsible. But to stand there and tell their ignorant love-sick fans to run out and get a loan from the biggest rat in the industry. That's just sick.
These three pigs are not naive little uninformed twits like Paris Hilton. They are educated, informed, and extremely savvy mass media juggernauts. They knew damn well about predatory lending. It was a common phrase by then. Still, they stood there and endorsed the biggest subprime rat in the industry. They did so with a big fat FAKE smile on their face. Unfortunately, public figures are not legally required to be straight with their ignorant fans.
But they God damn well should be.
Bono is no humanitarian. In fact, he made millions from a shady deal with Live Nation in which other investors were made to subsidize his multi-million dollar stock options regardless of market value. The stock tanked, Bono unloaded, and those 'other' investors did in fact take giant losses in part, so the filthy disgusting rich multi-hundred-millionaire 'humanitarian' Bono would not have to.
Ch'Ching!
Just another rotten immoral disgusting trick perpetrated in the name of greed.
Madonna secured a similar deal with Live Nation.
I've said it many times and I will say it many more.
There is no such thing as a multi-millionaire humanitarian.
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