Economic Weapons of Mass Destruction: Mortgages in the Era of Mass Terror

Financial Terrorism

The term “terrorism” defined by The Dept of Homeland Security means any activity that—

(A) involves an act that—

(i) is dangerous to human life or potentially destructive of critical infrastructure or key resources; and

(ii) is a violation of the criminal laws of the United States or of any State or other subdivision of the United States; and

(B) appears to be intended—

(i) to intimidate or coerce a civilian population;

(ii) to influence the policy of a government by intimidation or coercion; or

(iii) to affect the conduct of a government by mass destruction, assassination, or kidnapping.


Economic Weapons of Mass Destruction

Mortgages in the Era of Mass Terror

Terrorism is a tricky act to define, particularly when household appliances have become weapons of mass destruction. Earlier in April, as the National Guard and Boston Police scoured the city’s suburbs in search of two men believed to have planted the fatal marathon bombs, another story of violence and mass insecurity surfaced.

As the New York Times reported, “The banks that created risky amalgams of mortgages and loans during the boom — the kind that went so wrong during the bust — are busily reviving the same types of investments that many thought were gone for good.”

In other words, the well-heeled boys are back in town, peddling predatory mortgages to be bundled and sold on Wall Street. Even the Times, generally bullish on business, struck a cautionary tone. “The revival also underscores how these investments, known as structured financial products, have largely escaped new regulations that were supposed to prevent a repeat of the last financial crisis.”

Warnings of a repeat of the last financial crisis — printed on the front page of the New York Times?

Yet, unlike the 24-7 coverage of Boston, the national response to the threat of economic mass destruction has been muted. That’s because almost no one openly discusses the ongoing foreclosure crisis in terms of domestic terrorism. But that’s exactly what it is, and we must recognize this if we want to prevent banks from causing more damage.

Rest here…


One Response to “Economic Weapons of Mass Destruction: Mortgages in the Era of Mass Terror”
  1. Rebecca says:

    Dam it my emails are so full of spam I’m lost as is homeless now two years plus months after owning 22 years fraud fraud and more fraud I can’t think let comprehend focus (…
    Articulate my words and what no justice was served 55 single women alone in streets 5 so cal counties looking for help but I don’t qualify I give up only one thing I own my home ! I have original exclusive grant deed paid in full dam it and yes it’s fucking hot in California disabled PTSD mobility issues then all this bull shit
    What is going on with my justice served how do I get help? SSI disability didn’t qualify me nor divorce 1995 then felony cousin set me up why who stole my info used my identity bought many homes in my name I didn’t miss a payment from jan 2007 to march 2010 and cfpb told me that my foreclosure started 2009 ! How? Fraud subsatution of trustee two they screwed up taking names off that were not on loan I was tossed out put out to pasture at 53 today 55 tired drained fuck I’m ignorant of knowedgle so I have theift I want to go home I am old what why who please someone help me not be email not by mail contact me in person tears yes
    I can’t afford a lawyer and my case was sealed federal why for what cover up or was this to cause me so much more loss pain hurt
    God I lost my family there home everything today displaced I have no idea what is what
    You won

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