Trump’s Junk Bond Billionaire Created Poverty

How To Forget 2008 Mortage Implosion of Poverty Creation

One week late on your easy collateral-based debt loan and your aspirational vehicle is seized by the junk bonder [Photo by Giulia Lorenzon on Unsplash]

Stealing from working black Americans and other poor minorities — or aspiring minorities — is horrible. Mr. Haney is lauded as billionaire for doing it. Trump is basically borrowing money stolen from the minorities he so hates. That is the secret sauce of white supremacy.

We forget easily the economic “masters of the universe” like Hankey. He’s a ruthless and clever white man stripping assets and paychecks from the working poor or first-time home and car buyers. It takes a certain type of ruthless, unemotional male aggression to pull off bankrupting thousands and thousands of hard-working minority Americans with little knowledge of the complexity of the bank system, to claim pride in making your billion. Fortunately, America has such white conservative men in spades.

Not all of them, to be sure, but a good hard 5 to 10 percent of the conservative right America needs to destroy the poor masses. It seems we had forgotten the last rendition of the poverty-creation cycle from the 2008 bubble that targeted blacks and browns. Black Americans were hit the hardest (is that a surprise?), reducing their generational wealth — yet again.

Now that a generation has almost passed, Mr. Hankey is getting ready to ramp up again his scheme. Trump has…