Eventually someone is going to have to pay...but who will it be?
I have seen this movie before and I did not like the ending. Mnuchin is in charge of where the bailout money goes to during this economic heist and of course democrats can't nail him down on how he is going to distribute the money. Oh Warren tried to get answers from him, but he just kept slipping out of her grasp and wouldn't say. Not that there are any teeth in the legislation to make sure that people are treated fairly.
And if you remember from the last economic heist that saw millions of people tossed out of their homes while people like Mnuchin and hedge funds like BlackRock made out like bandits. BlackRock bought 5 million homes and then kept them off the market which drove up home prices and rents across the country. Mnuchin was illegally foreclosing on peoples homes and even though Kamala Harris' attorney general office had a great case against him she instead let him off the hook for it. Well after he made a $5,000 donation to her campaign. Pretty cheap buyout if you ask me.
In the last CARES bill Nancy bailed out PayDay loans businesses and debt collectors. So I think that gives us an idea of who is going to end up on the hook for this.
The GOP are very bad....
(2/2) McConnell and Trump are refusing to meet this moment with a serious economic recovery plan and McConnell is doing nothing COVID-related in the Senate this week.
— Martin Heinrich (@MartinHeinrich) May 12, 2020
Hmmm who was it that rolled back Glass-Steagal that was put in place after the Great Depression and who was it that wrote most of the bill? Which party were they from.....? Hey, Chuck what did you and Obama do for homeowners when you had the chance to help them?
Pres. Hoover was reluctant to use national resources at the outset of the Great Depression.
And Republicans from Pres. Trump to Sen. McConnell are starting to look more like Pres. Hoover.
The pain Americans are experiencing requires IMMEDIATE action from the federal government.
— Chuck Schumer (@SenSchumer) May 17, 2020
Now imagine if congress had bailed out we the people instead so that people could continue paying their mortgages and rents as well as other bills. Right now in places where there is a rent moratorium landlords cannot evict people for being late on their rents. So instead they are cutting off their utilities as well as doing other nefarious things. Who you gonna call?