Youtube clip from Geroge Hemminger (aka George4title)
George mentions flipping houses as a way in which corporations make money. They've been basically selling overpriced property to people that had no money. How does this translate into fortunes for wallstreet? How could this possibly make money for them, if people can't even afford them? It doesn't matter! Its' still making them billions through the bailouts. Taxpayers are left to pay for the bill.
Another way this makes money for corporations that George didn't mention is urbanization. People get into debt, lose their homes, the home falls in price due to the crisis, then the entire area isn’t worth anything. Right? Wrong.
These companies either buy it back for pocket change, huge extensions of real estate, put some makeup on it, start a new development and sell it all over again (at inflated prices of course).
While people think in days, months and years, these guys, board of directors, they can afford to think in terms of decades. They can capitalize on profit that wont even be made after these company owners are dead. They even make money out of projects that will never take place. Not that different from selling debt, is it?