Donald Trump’s Wall Street Scam

The Associated Press ran a story recently about Teena Colebrook.  Ms. Colebrook owned a triplex in Los Angeles before the crash in 2008.  When the crash hit she lost two of her renters and she got behind on her mortgage.  Then her home was foreclosed on by the company owned by Donald Trump’s new treasury secretary, Steve Mnunchin.

Ms. Colebrook is now upset because she voted for Mr. Trump thinking he would “drain the swamp” of Washington DC, full of Wall Street hustlers like Mr. Mnunchin, who is himself a Goldman-Sachs, George Soros elitist billionaire.  Ms. Colebrook feels betrayed.  After all, Mr. Mnunchin didn’t just foreclose on her home.  When Ms. Colebrook tried to save her home through a loan modification program, Mr. Mnunchin’s company used shady scam artist tactics to make sure she had no chance:

“Over five years, she tried unsuccessfully to adjust her loan with OneWest through the Treasury Department’s Home Affordable Modification Program. But she said that One West Bank lost paperwork, provided conflicting statements about ownership of the loan and fees and submitted charges that were unverified and caused her loan balance to balloon. By the time she lost her home in foreclosure in April 2015, the payoff balance totaled $517,662.”

Ms. Colebrook, for her part, seems shocked and says she lost her “faith” in government even though she admits she voted for a blowhard billionaire (who literally has a building on Wall Street) thinking he would get rid of “moneyed elites.”  Ms. Colebrook’s fantasies–or should we say delusions–are crashing down all around her.

But Ms. Colebrook’s delusions are no worse than all the other Americans who were conned by Mr. Trump.  Go around the poorest counties in the U.S. and you will see dozens of  beat up trucks driven by people who are obviously poor.  The trucks are covered in stickers declaring that they want to “Make America Great Again” and that they took the first step in doing this by voting for someone whose entire identity is based on “look at how rich I am.”  Of course, that’s just yet another delusion–Mr. Trump is not as rich as he pretends to be.


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