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It was established in 2011 as part of reforms after the upheaval of the Great Recession in 2007-8, which was triggered in part by a crash in the US subprime mortgage lending market.

If you thought the housing market of the early 2000s was a bubble, backed as it was by worthless subprime mortgages, wait until you see the crypto bubble.

Both Obama and Biden were confronted with historic economic meltdowns, thanks to the subprime mortgage financial crisis and the mismanaged pandemic, before they even walked into the Oval Office.

Ever since, however, questions have been raised about the company that issued the bond — led by a billionaire Trump supporter who specializes in subprime auto loans — and whether New York Attorney General Letitia James will even be able to collect what's owed should Trump's conviction be upheld.

It was none other than Los Angeles billionaire Don Hankey, 80, a hard-money lender who has made a fortune in financing vehicle sales to subprime borrowers — but has expanded far beyond that industry to other businesses where there is a sure profit to be made.