this post was submitted on 10 Nov 2023
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chapotraphouse
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NOOOO IT WAS BECAUSE THE POORS AND FANNIE MAE AND FREDDIE MAC
One of those banks was IndyMac... whose head was Steven Mnuchin.
https://en.wikipedia.org/wiki/Steven_Mnuchin
Guy with a direct link to the 2008 financial crisis getting a spot in the executive agency
Sums up America quite well
IIRC, Kamala Harris' DA'S office wanted to go after Mnuchin for financial crimes and Harris told her own office to back off.
Even better, it was Mnuchin's job to handle that distribution of 500B dollars leveraged 10-to-1 (so like 5 TRILLION dollars) to companies at the beginning of COVID with zero oversight.