How Wall Street Got Away With a $140 Trillion Heist

[Inside Wall Street with Nomi Prins]( How Wall Street Got Away With a $140 Trillion Heist By Nomi Prins, Editor, Inside Wall Street with Nomi Prins Leverage: when you borrow money in order to make an investment or place a bet. It’s a high-risk, high-reward way to make money… as long as you’re not wrong. And it’s also how a small loan in Stockton, California, can be linked to a worldwide economic collapse… …and how $1.4 trillion in subprime loans became $140 trillion in potential losses… …also known as the Second Great Bank Depression of 2008. In one of our Friday mailbag editions, reader Ken M. wrote: People with no assets were able to borrow tremendous sums to buy real estate with liar loans and 99% financing. He was talking about the cause of the 2008 financial crisis. And he’s right. Lots of people took on more debt than they could afford to pay back. But shady financial techniques certainly played their part, too. Recommended Link Will This Define The Future of AI? [96% OFF – Black Friday SALE]( [image]( One little-known company is supplying Elon Musk with one key piece of artificial intelligence (AI) technology. Without this key piece, Elon’s new AI venture would not be possible. Forbes says that this “Will Define the Future of AI.” Industry expert Peter Hanbury says it’s part of “a big watershed moment for the whole industry.” Legendary investor Teeka Tiwari wants to show you how you could profit from it. [Get all the details right here…]( -- Blame Game My 2009 book, It Takes a Pillage: An Epic Tale of Power, Deceit, and Untold Trillions, covers this very topic. In it, I explain the complex financial technique that led to the subprime mortgage crisis… and, ultimately, to the 2008 financial crisis. And I show how that crisis did not happen because ordinary citizens borrowed a little more than they could afford. It happened because of a financial feat called securitization. This involved Wall Street firms converting those loans into assets. These “assets” allowed them to borrow much, much more than they could afford… an estimated $140 trillion more… And when the underlying loans failed, the whole house of cards came crashing down. Recommended Link [The One Ticker Retirement Plan]( Over the Shoulder Demo Now Available [image]( Market Wizard Larry Benedict crushed the market in 2022. But he didn't do it with a “traditional” method… For a limited time, he’s sharing a free over-the-shoulder “demo” of his strategy in action. It takes less than 10 seconds… [Watch it here.]( -- But, of course, the Wall Street firms were not held responsible. Instead, the blame was laid at the feet of the “little guy.” He borrowed more than he could afford… He couldn’t pay it back… Ergo, he lost his home. In fact, 10 million “little guys” lost their homes. But in a system with little-to-no regulatory oversight, the financial institutions responsible collected up to $300 billion in fees and went on their merry way… …leaving the Federal Reserve and the Treasury Department to fork out $13 trillion. All to cover $1.4 trillion in outstanding subprime loans. Recommended Link [Man Paid $1.5 Million by Google Reveals How to Profit from their New AI Project]( [image]( See the document above? It’s a pay stub showing that Google paid tech expert Colin Tedards over $1.5 million dollars in 2022 (through their holding company XXVI Holding Inc.) And now Colin says Google is entering a new era that could make you rich. It’s all thanks to the return of Google’s billionaire founders Sergey Brin and Larry Page. They retired three years ago… But now they’re back to help launch Google’s biggest artificial intelligence project yet. And this Google millionaire says he’s found a way for you to profit from this new AI project right from your brokerage account. [Click here for the full story.]( -- When Fiction Becomes Fact If my book were a work of fiction, most readers would shake their heads in disbelief. They wouldn’t believe anything so outrageous could ever happen. And yet, today we find ourselves in yet another economic mess aided and abetted by the Fed. In response to the latest crisis – the Covid pandemic – the Fed created over $4 trillion out of thin air in just 25 months. Since then, the “little guy” has paid the consequences, with the cost of living skyrocketing at the highest rate in 40 years. So today, I’m sharing a short excerpt from It Takes a Pillage with you. It outlines how Wall Street took on up to $140 trillion in debt on the back of $1.4 trillion of subprime loans… and got away with it. To read the excerpt, just [follow this link](. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). MAILBAG Will you be picking up Nomi’s book after reading her excerpt? What are some other financial techniques that may have played a part in the historical financial crises? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). IN CASE YOU MISSED IT… [Investigative journalist exposes corruption between US officials and the Fed]( Investigative journalist Dr. Nomi Prins… Famous for exposing the connections between America’s most corrupt officials and the Federal Reserve… Exposes a truth about the American Dollar that would have been unthinkable three years ago. “As more banks fail, the Federal Reserve, the White House, and the financial elites are set to enact the biggest change to our money since 1971. You must act NOW, before it’s too late.” Dr. Nomi Prins As the turbulence in our world grows worse and worse… Protect your wealth and preserve your privacy… [Click here now to see what Nomi recommends before it’s too late.]( [image]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Rogue Economics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-681-1765, Mon–Fri, 9am–7pm ET, or email us [here](mailto:memberservices@rogueeconomics.com). © 2023 Rogue Economics. All rights reserved. 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