$693 Billion Lost By Richard Fuld of Lehman Brothers Using REPO 105 Accounting Tricks Investing Trillions in No Document, No Income, No Asset Loans known as NINJA, most Variable Interest Rate Loans

 No money down, own a home, core elements of fade American Dream, since the end of the Civil War in USA, homes had gone up in value perpetually, even when adjusting for inflation or the perpetual loss of value of the US dollar over time, noting that since 1913 the US Dollar has lost 97% of its value in terms of buying power to pay off debts public or private as a fiat currency, or imaginary Fugazi currency, noting nearly all countries inspired by the United States of America, have converted their currency systems into Fiat Fake News Military Industrial Complex Noise creating a nearly 400 trillion dollar global debt debacle that no politician has the gumption, morality, integrity or values as a person to address, instead that do anything they are able to push the goal post further off, because they will lose the next election if they force a renumeration of the US Dollar, like Mexico did to the Peso in 1980. 

A bizarre SEC rule change in 2001, allowed the largest investment institutions and banks and insurance companies to engage in dangerous reckless crazy speculative investing, with notable flops such as WorldCom or Enron, yet 2007 brought a nearly instant crash that the US and world never fully recovered from, in essence, in some ways, the entire global monetary system been in life support ever since 2008, and even became more ill during the COVID19 pandemic, mounting public debt continues to increase while the currency loses its value, nearly all Fiat currencies in history eventually failed due to hyperinflation and we do not have to look far in Africa for an example of a country with nearly worthless currency that oscillates or varies in value significantly day to dad, you need a grocery basket of cash to buy anything useful or worthy. 

You might say, investment banks are not bad, they made a lot of people a lot of money, and you would be correct, but what did not happen, wealth created was not spread evenly raising the standards of living to all people worldwide, moreover, the opposite happened, the financialization of markets concentrate wealth and power to a tiny opulent minority of very wealthy billionaires, while increasing inflation, which makes everyone else proportionately more poor, so the actions of a few for their benefit end up harming the majority, or this is morally repugnant, illegal, unethical, unfair, unjust, wrong, bad, crazy, insane, not logical, no reasonable, not loving, not kind, not polite, not Godly, nothing good, the overwhelming outcome was worse for everyone, thus it can be correct to claim that the entire global economy been on life support since 2008, evidence in the growing amount of public national debt that continues increasing along with inflation.