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We did save the economy, but we lost the country doing it.

mattweidnerlaw.com | June 11, 2014

By Matthew D. Weidner, Esq

This country and the economy has not recovered from the financial crisis of 2008…and we never really will.  What is occurring now is merely air and dressing, delusion or at least short term euphoria.  At the macro level we see it every single day….banks that are more interested in foreclosing on families than on working to keep them in their homes.  Extrapolate that out across the entire system and you have what we have today in this country…..a nation buried in debt, real people struggling, while the banks and Wall Street only become more powerful and wealthy.

Matt Stoller comes up with the most succicient and intelligent analysis of where we’ve come from…and where we’re going:

No one likes it when bankers get bailed out, but if you don’t do that, depositors will get spooked and reignite a panic. You must put forth a wall of money, with no strings attached, or all is lost.

The most consequential event of this young century has been the financial crisis. This is a catchall term that means three different things: an economic housing boom and bust, a financial meltdown, and a political response in which bailouts were showered upon the very institutions that were responsible for the chaos. We will be seeing the fallout for decades. Today, in Europe, far-right fascist parties are on the rise, climbing the unhappiness that the crisis-induced austerity has unleashed. China is looking away from the West as a model of development. In the US, Congress is more popular than certain sexually transmitted infections* but little else, and all institutions of national power are losing their legitimacy. At the same time, the financial system did not, in the end, collapse, and there was no repeat of the Great Depression.

Read more.

 

Back to June 2014 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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