A word about saying goodbye to Pluto in Capricorn
Pluto in Capricorn ( from 2009- to 3/23/2023) has been busy rigging the system, consolidating and concentrating its power through fundamental bureaucracies that support patriarchal capitalism. Pluto in Capricorn oversaw the 2009 Wall Street Bail Out due to the 2008 Wall Street Crash. In 2008, Wall Street power players in finance, earning millions, had set in motion a stock market crash that wiped out more than $2 trillion of Americans’ retirement savings. As the stock market crashed foreclosures and unemployment rose America faced the worst financial crisis since the Great Depression of 1929.
Subprime mortgage lenders like Countrywide and Lehman Brothers caused the 2008 Wall Street crash. They sold millions of mortgages to homebuyers with poor credit and offered them “special rates” pushing unqualified people to buy homes they could not afford. Then they packaged the mortgages and passed on the toxic debt by the billions in the form of bonds. This irresponsibility happened when Pluto was in Sagittarius but reigning in and stabilizing the economy happened when Pluto entered practical Capricorn. The economy did not recover until 2013.
The American taxpayer bailed out Wall Street to the tune of $29 trillion. No major Wall Street executive went to jail for destroying the economy. Banks and other financial institutions including the very banks that caused the crash received bailout loans. The bailout loans were granted at interest rates far below the market rate. Meanwhile, an estimated 10 million Americans lost their homes to the Wall Street subprime crash.
So, Pluto in reckless and opportunistic Sagittarius let real estate companies and bankers hype subprime mortgages to unsuspecting homeowners and crashed Wall Street. Then Pluto in Capricorn had to put the economy back together and chose to feed trillions of taxpayer dollars to the very institutions that had caused the crisis. The bail-out allowed Wall Street to walk away with the minor sting of having to pay some fines, a few modest and watered-down financial regulations were instituted and no one of any importance went to jail.