Ex-Goldman Banker Who Profited from Housing Crash and Subsequent Bailout Donates $100k to Hillary SuperPAC

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Hillary Clinton is so completely owned and captured by Wall Street, she recently decided the only way to defend such blatant ties is to shamelessly say she helped them because of 9/11.

In case you need further evidence of how confident financial cronies are that she will do their every bidding, we learn the following from the Intercept:

The fact remains that the Clinton campaign is fundraising heavily from Wall Street. Contributions from the securities and investment industries comprise her fourth-largest pile of campaign money, totaling $2,044,471. Commercial banks have given $443,519 directly to her campaign.

One major donor to her Super PAC, Priorities USA, is Donald Mullen, Jr., a man who was singularly able to profit from the financial crisis both before and after the crash of the housing bubble.

Mullen, while a Goldman Sachs employee, pioneered the trades that allowed the mega-bank to profit from the collapse of the housing market. Mullen’s team utilized financial instruments called collateralized debt obligations to essentially bet against subprime mortgages.

A 2010 Senate investigation brought to light emails between Mullen and his Goldman colleagues. As his colleagues began to see the decline of the market, Mullen wrote cheerfully, “Sounds like we will make some serious money.”

In 2012, Mullen left Goldman Sachs to do the opposite of what he did in 2007: He started a hedge fund whose purpose was to buy up foreclosed homes and rent them out. New York magazine’s Kevin Roose described the career change this way: “A guy whose most famous trade was a successful bet on the full-scale implosion of the housing market is now swooping in to pick up the pieces on the other end.”

This guy literally profited from people losing their homes, then profited on the other side from the government bailout by buying these same homes from the victims who lost them. This is precisely how Wall Street makes money. 

Mullen gave $100,000 to Priorities USA Action on June 30. According to Federal Election Commission data, this is the largest single contribution he has made to any soft money organization in his giving history. (In total, he has given $220,000 to soft money groups and $529,621 in individual contributions).

Mullen could not be reached for comment.

Today, Priorities USA is running ads focusing on a variety of issues, but avoiding direct attacks on Wall Street. Its primary social media account, on Twitter, has mentioned Wall Street only once, pointing to an article about Clinton’s financial plan that, as it turns out,  leaves big banks intact.

But hey…

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For related articles, see:

A New Low – Hillary Clinton Claims 9/11 is the Reason She’s Owned by Wall Street

New Poll Shows 60% of Americans Think Hillary Clinton is Untrustworthy and Dishonest

COMPROMISED – How Two of Hillary Clinton’s Top Aides Received Golden Parachutes from Wall Street

How UBS Sent Millions to the Clintons After Hillary Saved the Mega Bank While Secretary of State

Hillary Clinton Blasts High Frequency Trading Ahead of Fundraiser with High Frequency Trader

Cartoons Mocking “Goldman Rats” and Hillary Clinton Appear All Over NYC

In Liberty,
Michael Krieger

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8 thoughts on “Ex-Goldman Banker Who Profited from Housing Crash and Subsequent Bailout Donates $100k to Hillary SuperPAC”

  1. Warren Buffett, Tony James to Fundraise for Hillary Clinton

    “Attendees will pay $33,400 to the Hillary Victory Fund, according to the people, who asked not to be identified because there was no public announcement of the event,” sponsored by Warren Buffet [Bloomberg].

    Attendees to pay $33,400 to attend New York event, people say
    Buffett has said Hillary Clinton’s vision `similar to mine’

    http://www.bloomberg.com/politics/articles/2015-12-03/warren-buffett-said-to-join-tony-james-for-clinton-fundraiser

    Reply
  2. Clinton Voices Confidence in Rahm Emanuel as Chicago Mayor

    Hillary Clinton, the front-runner for the Democratic presidential nomination, said she still has confidence in the embattled mayor of the city where she was born: Rahm Emanuel of Chicago.

    “I do,” Clinton told reporters Friday evening in Fort Dodge, Iowa. “He loves Chicago and I’m confident that he’s going to do everything he can to get to the bottom of these issues and take whatever measures are necessary to remedy them.”

    http://www.bloomberg.com/politics/articles/2015-12-05/clinton-voices-confidence-in-rahm-emanuel-as-chicago-mayor

    contrast

    Bernie Sanders calls for accountability of Chicago officials

    (AP) — Democratic presidential candidate Bernie Sanders said Friday that any official involved with suppressing the release of a video of the shooting death of a black teen by a white Chicago police officer should be “held accountable” and, if necessary, resign.

    Though Sanders never mentioned his name, the comments appeared aimed at Chicago Mayor Rahm Emanuel, a long-time ally of Bill and Hillary Clinton and former White House chief of staff to President Barack Obama.

    “Any elected official with knowledge that the tape was being suppressed or improperly withheld should resign. No one should be shielded by power or position,” Sanders said in a statement.

    http://www.chicagobusiness.com/article/20151204/NEWS02/151209872/bernie-sanders-calls-for-accountability-of-chicago-officials

    Reply
    • Hey, Bernie Sanders. Stop pandering to the “Jews”. Let’s look at some REAL statistics, shall we?

      Police kill about 400 people a year (mostly criminals & some innocents).
      Of those about 25% (~100) are black. Most of the rest (~300) are whites
      & some minorities. NOW in contrast, about 8,000 (EIGHT THOUSAND) blacks are killed by OTHER blacks every year.

      In other words, for every 1 (one) black killed by a white cop each year
      (many of whom were committing a crime while killed) 71 (seventy one)
      blacks were murdered by other BLACKS. In the past 35 years about 323,000 (yes that’s THOUSANDS) blacks have been murdered by other blacks. Over 9,000 per year on average.

      The logical & factual conclusion (rather than insane, hysterical,
      emotional ranting) is that as a black person, you are FAR safer in the
      company of a white cop than you are in the company of another black person.

      Therefore, if you are going to mobilize MILLIONS of people against the
      LEO killings and NOT the black on black killings (as the BLM group is
      doing) at MOST you will save about 50 black lives a year. If you take
      that energy instead to convince BLACKS, that black lives matter (should
      be easier than convincing the so called racist, white police right?) you
      could save THOUSANDS of black lives per year instead. Which one is a
      SANE person going to do?

      BTW, of the approximately 1 MILLION violent crimes committed in the USA
      each year, 85% are committed by blacks and only 25% by whites. Even
      though blacks only make up about 14% of the population.

      And, “Jews” make up an est. 2% of the total U.S. population. Yet, they control ALL of Western Society & Culture.

  3. HERE IS WHAT IS REALLY GOING ON IN THE WORLD:

    TIME TO WAKE UP, AMERICA!

    HILLARY CLINTON, like Barry Soetoro, like Bill Ayers, like Saul Alinsky, like Frank Marshall Davis, and like Rahm Emanuel – all are CHICAGO COMMUNISTS who work for the COMMUNIST/ZIONIST Western International Central Bankers, who control every aspect of Western Society & Culture.

    SPREAD THIS FAR AND WIDE !!!

    MINORITY RULE: THE RISE OF POLITICAL CORRECTNESS – DOCUMENTARY (57 min. 34 secs.)
    https://www.youtube.com/watch?v=tz8pzG02oxU

    Bankers Destroy Global Economy by Design to Consolidate Power
    http://www.truthistreason.net/bankers-destroy-global-economy-by-design-to-consolidate-power#

    Source: X22 Report: Central Bankers Can’t Stop The Economic Collapse Instead They Will Cover It Up http://sgtreport.com/2015/01/x22-report-central-bankers-cant-stop-the-economic-collapse-instead-they-will-cover-it-up/

    (Be sure to read all comments, click on all links, and read/view/listen to ALL content)

    When George H.W. Bush went from Director of the CIA (1976-1977) to Vice President under Ronald Reagan (1980-1988), Bill Clinton served as Governor of Arkansas. Ever heard of the MENA, ARKANSAS Airport? This is where the COCAINE was flown IN, and the GUNS were flown OUT, under the watch, of Governor Bill Clinton, and former CIA Director, George H.W. Bush. BANKING/OIL/CIA/DRUGS/GUNS. The East Coast Liberal Establishment wants either a BUSH or a CLINTON in the White House. They don’t want a Donald Trump or a Bernie Sanders in there – they are just a SIDE-SHOW.)

    The 2016 Elections… Brought To You By PREMIER ELECTION SOLUTIONS [Formerly Known As Diebold]
    http://sgtreport.com/2016/01/the-2016-elections-brought-to-you-by-premier-election-solutions-formerly-known-as-diebold/

    All Wars Are Bankers Wars https://www.youtube.com/watch?v=5hfEBupAeo4

    Reply

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