2016 Postmortem
In reply to the discussion: Did Bernie's wife commit a felony when she secured a loan for Burlington College? [View all]JDPriestly
(57,936 posts)A lot of organizations, individuals and businesses, some well run, some not so well run, collapsed during that time period.
I have personal friends who had great businesses going, had them going for years, and then lost out during those years. The stock market crash took its toll on a lot of good people and a lot of good institutions.
Burlington College was trying to expand at that unfortunate time. I think it would be impossible to blame any individual for expanding any enterprise, including a college, at a time when the economy was retracting.
This does not alarm me at all now that I know the facts.
2004-2011. A lot of enterprises went under, a lot of properties lost value, a lot of homes and businesses and properties were foreclosed during that time. That was the fault of fraud on Wall Street, and a lot of people were caught in the aftermath and current of the downward pressure in our economy.
Actually, that makes me trust in the sincerity of Bernie Sanders more than ever. The fraud on Wall Street caused a lot of problems. I know of non-profits and for-profits that suffered terribly.
And a lot of people overestimated the value of donations or of their homes and properties during that period in our economy. There is nothing to see here.
The questions must arise as to how the Clintons managed to become richer during those treacherous years. That is what I am wondering about.
Others were losing their homes, but the Clintons increased their wealth? How did that come about?