Curt Wallum
@curtwall.bsky.social
Attorney,
Fmr. Bankruptcy Trustee
Fmr. F.D.I.C. Attorney
Shared-Prosperity Advocate
“We cannot solve our problems with the same thinking we used when we created them.” Albert Einstein.
Fmr. Bankruptcy Trustee
Fmr. F.D.I.C. Attorney
Shared-Prosperity Advocate
“We cannot solve our problems with the same thinking we used when we created them.” Albert Einstein.
OLIGARCH-ENOMICS: When SCOTUS invented the absurdity known as Corporate Personhood, it created an American plutocracy, a nation owned and operated by the super-rich. Now, a handful of greedy, entitled, self-absorbed upchucks have a death grip on our democracy.
August 1, 2025 at 8:49 PM
OLIGARCH-ENOMICS: When SCOTUS invented the absurdity known as Corporate Personhood, it created an American plutocracy, a nation owned and operated by the super-rich. Now, a handful of greedy, entitled, self-absorbed upchucks have a death grip on our democracy.
OLIGARCH-ENOMICS: Oligarchs make much of their money by employing unregulated shadow banking schemes and ploys to loot the real economy. They are now taking the money that they’ve looted from the real economy and they are using it to buy up real-economy assets and companies. They steal & then deal.
July 31, 2025 at 9:25 PM
OLIGARCH-ENOMICS: Oligarchs make much of their money by employing unregulated shadow banking schemes and ploys to loot the real economy. They are now taking the money that they’ve looted from the real economy and they are using it to buy up real-economy assets and companies. They steal & then deal.
OLIGARCH-ENOMICS: Congress has granted most shadow banking transactions safe harbor from the bankruptcy code, while requiring real-economy businesses to adhere to the code’s constraints. This is not deregulation and it isn’t capitalism; it’s a Congressionally sanctioned & orchestrated kleptocracy.
July 28, 2025 at 3:26 PM
OLIGARCH-ENOMICS: Congress has granted most shadow banking transactions safe harbor from the bankruptcy code, while requiring real-economy businesses to adhere to the code’s constraints. This is not deregulation and it isn’t capitalism; it’s a Congressionally sanctioned & orchestrated kleptocracy.
OLIGARCH-ENOMICS: Wall Street’s so-called innovative new financial products, such as SWAPs, securitized bonds, and financial derivatives are all the end products of either a WEALTH WITHOUT RISK or MONEY FOR NOTHING scheme. They are unregulated ploys that are neither monitored nor policed.
July 25, 2025 at 1:44 PM
OLIGARCH-ENOMICS: Wall Street’s so-called innovative new financial products, such as SWAPs, securitized bonds, and financial derivatives are all the end products of either a WEALTH WITHOUT RISK or MONEY FOR NOTHING scheme. They are unregulated ploys that are neither monitored nor policed.
OLIGARCH-ENOMICS: In the 1980’s, when Congress blindly and obediently codified Wall Street’s insidious legislative agenda, it created two new Shadow Banking schemes: WEALTH WITHOUT RISK and MONEY FOR NOTHING. Those schemes have bankrupted middle-class America & created an American Oligarchy.
July 24, 2025 at 2:50 PM
OLIGARCH-ENOMICS: In the 1980’s, when Congress blindly and obediently codified Wall Street’s insidious legislative agenda, it created two new Shadow Banking schemes: WEALTH WITHOUT RISK and MONEY FOR NOTHING. Those schemes have bankrupted middle-class America & created an American Oligarchy.
OLIGARCH-ENOMICS: Wall Street views middle-class Americans as commodities, not people. Its modern-day business model is fueled by the creation of debt. People are necessary incubators for producing that debt. The impoverishment of middle-class America is merely a cost of doing business.
July 22, 2025 at 8:19 PM
OLIGARCH-ENOMICS: Wall Street views middle-class Americans as commodities, not people. Its modern-day business model is fueled by the creation of debt. People are necessary incubators for producing that debt. The impoverishment of middle-class America is merely a cost of doing business.
OLIGARCH-ENOMICS: Risk & Reward are the cornerstones of a free enterprise economic system. When an oligarch is so rich that money is no object, however, then risk is eliminated from the equation. Wealth without risk is not capitalism; it’s a deviant form of economics, a grift masked as capitalism.
July 21, 2025 at 4:51 PM
OLIGARCH-ENOMICS: Risk & Reward are the cornerstones of a free enterprise economic system. When an oligarch is so rich that money is no object, however, then risk is eliminated from the equation. Wealth without risk is not capitalism; it’s a deviant form of economics, a grift masked as capitalism.
OLIGARCH-ENOMICS: The mass extinction of the Nation’s local banks, the catastrophic concentration of the Nation’s wealth, and the coldblooded annihilation of America’s middle class are all structural flaws that Wall Street’s wealth-without-risk business model has injected into our financial system.
July 18, 2025 at 7:55 PM
OLIGARCH-ENOMICS: The mass extinction of the Nation’s local banks, the catastrophic concentration of the Nation’s wealth, and the coldblooded annihilation of America’s middle class are all structural flaws that Wall Street’s wealth-without-risk business model has injected into our financial system.
OLIGARCH-ENOMICS: ENRON Corporation, a large shadow bank, filed bankruptcy in 2001. It had entered into 3,500 securitization transactions. Enron did not profit from those securitizations; its management team did, Wall Street did, America’s oligarchs did, but Enron went broke.
#accountingfraud
#accountingfraud
July 16, 2025 at 4:21 PM
OLIGARCH-ENOMICS: ENRON Corporation, a large shadow bank, filed bankruptcy in 2001. It had entered into 3,500 securitization transactions. Enron did not profit from those securitizations; its management team did, Wall Street did, America’s oligarchs did, but Enron went broke.
#accountingfraud
#accountingfraud
OLIGARCH-ENOMICS: Private-label securitization is not a legitimate business model; it is a scheme that Wall Street uses to loot the lenders that securitize their loans or receivables. The targeted firm’s management teams are complicit; they profit by bleeding their own companies to death.
July 15, 2025 at 2:02 PM
OLIGARCH-ENOMICS: Private-label securitization is not a legitimate business model; it is a scheme that Wall Street uses to loot the lenders that securitize their loans or receivables. The targeted firm’s management teams are complicit; they profit by bleeding their own companies to death.
OLIGARCH-ENOMICS: Corporations are not human persons. They have no human qualities, no morality, no conscience, no integrity, and no intellect. Like any machine, the operator controls what they do. Corporate personhood is a judicially created fantasy, a fiction that is destroying our democracy.
July 11, 2025 at 8:15 PM
OLIGARCH-ENOMICS: Corporations are not human persons. They have no human qualities, no morality, no conscience, no integrity, and no intellect. Like any machine, the operator controls what they do. Corporate personhood is a judicially created fantasy, a fiction that is destroying our democracy.
OLIGARCH-ENOMICS: Corporations are MACHINES, Congressionally-manufactured-machines. And although a MACHINE can never be a HUMAN PERSON, a group of human persons with a common goal (a corporation) can be a machine. Example: POLITICAL MACHINES & WAR MACHINES are groups of people with common goals.
July 7, 2025 at 4:19 PM
OLIGARCH-ENOMICS: Corporations are MACHINES, Congressionally-manufactured-machines. And although a MACHINE can never be a HUMAN PERSON, a group of human persons with a common goal (a corporation) can be a machine. Example: POLITICAL MACHINES & WAR MACHINES are groups of people with common goals.
OLIGARCH-ENOMICS: Deregulation gave the oligarchs their obscene wealth. The absurdity of Corporate Personhood & the utterly facetious, ill-judged ruling in Citizens United fused that obscene wealth with overwhelming political power. Deregulation & Corporate Personhood are a cancer on our democracy.
July 4, 2025 at 3:44 PM
OLIGARCH-ENOMICS: Deregulation gave the oligarchs their obscene wealth. The absurdity of Corporate Personhood & the utterly facetious, ill-judged ruling in Citizens United fused that obscene wealth with overwhelming political power. Deregulation & Corporate Personhood are a cancer on our democracy.
OLIGARCH-ENOMICS: Wall Street’s asset light business model has fundamentally altered our economy in extraordinarily dangerous ways. Reliance upon cheap foreign labor, globalization, and the innately perilous gambit of relying upon foreign supply chains are all lethal structural weaknesses.
July 3, 2025 at 6:17 PM
OLIGARCH-ENOMICS: Wall Street’s asset light business model has fundamentally altered our economy in extraordinarily dangerous ways. Reliance upon cheap foreign labor, globalization, and the innately perilous gambit of relying upon foreign supply chains are all lethal structural weaknesses.
OLIGARCH-ENOMICS: When a middle-class American applies for a loan and fails to reveal all of his or her debt it’s called BANK FRAUD. When one of Wall Street’s shadow banks uses financial derivatives to hide its debt off balance sheet, it’s called FINANCIAL-STATEMENT-FRIENDLY FINANCING.
July 2, 2025 at 4:29 PM
OLIGARCH-ENOMICS: When a middle-class American applies for a loan and fails to reveal all of his or her debt it’s called BANK FRAUD. When one of Wall Street’s shadow banks uses financial derivatives to hide its debt off balance sheet, it’s called FINANCIAL-STATEMENT-FRIENDLY FINANCING.
OLIGARCH-ENOMICS: A third of all of the capital on Wall Street is owned by foreign speculators. By deregulating its financial system, America no longer has dominion and control over its own financial destiny. It has become a bitch for the world’s oligarchs, autocrats, and transnational criminals.
July 1, 2025 at 7:57 PM
OLIGARCH-ENOMICS: A third of all of the capital on Wall Street is owned by foreign speculators. By deregulating its financial system, America no longer has dominion and control over its own financial destiny. It has become a bitch for the world’s oligarchs, autocrats, and transnational criminals.
OLIGARCH-ENOMICS: Wall Street’s so-called innovative new financial products do not create any significant economic benefits into the real economy. They do not enhance productivity; they do not stimulate growth. In fact, they inhibit growth and productivity by crowding out investments in real assets.
June 26, 2025 at 3:13 PM
OLIGARCH-ENOMICS: Wall Street’s so-called innovative new financial products do not create any significant economic benefits into the real economy. They do not enhance productivity; they do not stimulate growth. In fact, they inhibit growth and productivity by crowding out investments in real assets.
OLIGARCH-ENOMICS: Wall Street uses its so-called innovative new financial products to hide debt and its bad investments; it uses them for naked speculations; it uses them to create misleading financial statements, and it uses them to segregate its wealth. They create no real value into our economy.
June 25, 2025 at 5:59 PM
OLIGARCH-ENOMICS: Wall Street uses its so-called innovative new financial products to hide debt and its bad investments; it uses them for naked speculations; it uses them to create misleading financial statements, and it uses them to segregate its wealth. They create no real value into our economy.
OLIGARCH-ENOMICS: Since Congress codified Wall Street’s insidious legislative agenda, we’ve been plagued by fraud-related financial calamities. Congress has treated each succeeding fraud as isolated and opportunistic; when in fact, such frauds are institutionalized, systemic, and industry-wide.
June 24, 2025 at 1:27 PM
OLIGARCH-ENOMICS: Since Congress codified Wall Street’s insidious legislative agenda, we’ve been plagued by fraud-related financial calamities. Congress has treated each succeeding fraud as isolated and opportunistic; when in fact, such frauds are institutionalized, systemic, and industry-wide.
OLIGARCH-ENOMICS: By deregulating our financial system in accordance with Wall Street’s dictates, Congress has undermined our free market system; incentivized the movement of capital away from the real economy; and, created the most catastrophic concentration of wealth the world has ever known.
June 23, 2025 at 3:49 PM
OLIGARCH-ENOMICS: By deregulating our financial system in accordance with Wall Street’s dictates, Congress has undermined our free market system; incentivized the movement of capital away from the real economy; and, created the most catastrophic concentration of wealth the world has ever known.
OLIGARCH-ENOMICS: MAGA politicians want you to believe that the income losses by white males is caused by immigrants & minorities. That’s not true. Like everyone below the 90th percentile on the income ladder, White males make less money because of America’s obscene concentration of wealth.
June 17, 2025 at 3:35 PM
OLIGARCH-ENOMICS: MAGA politicians want you to believe that the income losses by white males is caused by immigrants & minorities. That’s not true. Like everyone below the 90th percentile on the income ladder, White males make less money because of America’s obscene concentration of wealth.
OLIGARCH-ENOMICS: In every foolish or unwise consumer loan transaction, there is an unscrupulous lender and a naïve consumer. In 2005, Congress opted to punish the naïve consumer by taking away his bankruptcy rights, while giving the unscrupulous lenders that profited from the transactions a pass.
June 16, 2025 at 2:15 PM
OLIGARCH-ENOMICS: In every foolish or unwise consumer loan transaction, there is an unscrupulous lender and a naïve consumer. In 2005, Congress opted to punish the naïve consumer by taking away his bankruptcy rights, while giving the unscrupulous lenders that profited from the transactions a pass.
OLIGARCH-ENOMICS: There is an almost perfect inverse correlation between the accumulation of obscene wealth by America’s financial elite and middle-class America’s every-increasing impoverishment. As America’s oligarchs get richer, middle class America gets poorer. WE NEED A SHARED PROSPERITY.
June 11, 2025 at 3:31 PM
OLIGARCH-ENOMICS: There is an almost perfect inverse correlation between the accumulation of obscene wealth by America’s financial elite and middle-class America’s every-increasing impoverishment. As America’s oligarchs get richer, middle class America gets poorer. WE NEED A SHARED PROSPERITY.
OLIGARCH-ENOMICS: In the 90’s, Wall Street marketed a scheme to corporate America it called THE ASSET LIGHT BUSINESS MODEL. Corrupt CEO’s generated short-term profits for investors by selling their factories and supply chains. Oligarchs profited, while millions of Americans lost their jobs.
June 9, 2025 at 2:48 PM
OLIGARCH-ENOMICS: In the 90’s, Wall Street marketed a scheme to corporate America it called THE ASSET LIGHT BUSINESS MODEL. Corrupt CEO’s generated short-term profits for investors by selling their factories and supply chains. Oligarchs profited, while millions of Americans lost their jobs.
OLIGARCH-ENOMICS: Oligarchs make the most money from bonds funded by high-interest subprime debt. Before deregulation, there were virtually no subprime debtors; now, at any moment, between 80 to 100 million Americans have subprime credit scores. Oligarchs have a vested interest in keeping you poor.
June 6, 2025 at 3:34 PM
OLIGARCH-ENOMICS: Oligarchs make the most money from bonds funded by high-interest subprime debt. Before deregulation, there were virtually no subprime debtors; now, at any moment, between 80 to 100 million Americans have subprime credit scores. Oligarchs have a vested interest in keeping you poor.