CW 715 FBF - Wall Streets Rigged Game Against Main Street USA
Jason Hartman takes a unique middle ground on the Occupy Wall Street protests since Wall Street doesn\u2019t represent capitalism as the right-wing media would have us believe while the left-wing media who supports big government and big unions doesn\u2019t represent capitalism either. Both sides are promoting a fairy tale.
A recent Facebook post sums it up fairly well: This whole issue really isn\u2019t that simple. I assume that most of the protesters are clueless folks who need haircuts; however, so is the conservative media (that I mostly agree with) in saying that Wall Street represents \u201ccapitalism\u201d \u2013 nothing could be further from the truth, Wall Street, banks and mega-corporations are mostly ANTI-CAPITALISM in that they are playing a rigged game with lobbyists, government cronyism and insider dealings at every level. They use lawyers, accountants and PR firms to commit their crimes. There is very little capitalism on Wall Street.
If you\u2019re looking for capitalism, look at Main Street, where small business operates under far too much government interference. Jason discusses the powerful \u201cQualified Written Request\u201d (QWR) letter and how it can be a tool for loan modification, short sale, deed-in-leiu of foreclosure and foreclosure litigation.
You\u2019ll also hear a short article from Jason\u2019s newsletter, The Financial Freedom Report, on that all to upsetting topic of \u201cToo Big to Fail.\u201d