Golden West Heiress Susan Sandler Investing $200M In Social Justice Organizations (plus one of the greatest feats of market analysis, ever)

This post isn't so much about Ms. Sandler's philanthropies, she has/runs, a lot of money now and she's spreading it around. Rather the first part of the headline is just an excuse to reprise a couple older posts.
First up, from The Hill, September 14:

Philanthropist Susan Sandler announced on Monday that she will invest $200 million in social justice organizations committed to fighting systemic racism and boosting turnout in underrepresented communities in battleground states.

Sandler announced the investments, which will be carried out through the newly formed Susan Sandler Fund, in a Medium post.

Among the progressive groups that have received grants from the organization are the Texas Organizing Project, New Virginia Majority and the New Florida Majority, Sandler wrote.
“I have come to believe that the most effective way to transform societal priorities and public policies is to change the balance of power, not change the minds of those who hold power,” she wrote.

“When government is responsive to — and, frankly, fearful of — the people who most bear the brunt of inequality and injustice, then better priorities, practices and policies follow,” she added.

The New York Times, which obtained the post before its publication, noted that Sandler, the daughter of Herbert and Marion Sandler, is a trustee at her parents' charitable organization, the Sandler Foundation, which was established in 1991.....MORE

Among the people most hurt by the sub-prime mortgages her parents got rich from were communities of color who, when the economy tanked in 2008, were laid off or otherwise financially crippled, couldn't make the payments on the loans the Sandlers sold them, lost their houses, lost any equity in the asset, in the case of "recourse" states were sued for the loan balances on properties that were subsequently valued at less than half what had been financed, had their credit destroyed for at least a decade and suffered incredible psychological and emotional pain, often to the point of suicide.

So yeah, Susan should probably get rid of as much of that money as she can.

Anyhoo, previously on the Golden West Channel:
 June 5, 2012
Wall Street Woman Who Sold Largest Sub-Prime Originator Just Before Crisis Dead at 81 (GDW; WB; WFC)
We've looked at the timing of the sale of Golden West Financial on two occasions, the first linking to the most prescient bit of analysis we've ever had on Climateer Investing.*
First some housekeeping.
This is Marion Sandler:

Associated Press

Marion Sandler at a 2006 meeting following Golden West’s sale to Wachovia.

She is not to be confused with Irena Sendler:**

*****

And:
May 7, 2013
May 7, 2006 The Day the (mortgage) Music Died
This is a repost from 2007 of one of the most spectacularly correct market calls I've ever seen:

May 7, 2006
Press Release:

WACHOVIA TO ACQUIRE GOLDEN WEST FINANCIAL, NATION'S MOST ADMIRED AND 2ND LARGEST SAVINGS INSTITUTION
"...Herbert M. Sandler, Golden West chairman and chief executive officer, commented, "I’ve been a keen observer of the market and the mortgage and banking industries for nearly 40 years...."

The San Francisco Chronicle covered it as a human interest story May 9. 
Why Sandlers sold their S&L
Wachovia's deal for Golden West called a good fit

While Sandler talked animatedly about her favorite causes, she broke down talking about her feelings about closing a book that's represented more than half of her life.

"I can't talk about it without crying," she said. "Some part of me certainly is very emotional."

On May 10, 2006 India Daily said:

Sell of Golden West Financial to Wachovia signifies burst of housing bubble

Some editor in India recognized what had happened and had the guts to put it in the headline.
Un-effin-believable.

Four day's later Jesse Eisinger, then at the Wall Street Journal either exemplified the theory of multiple discovery or he swiped the India daily story (via the Pittsburgh Post-Gazette):
Golden West sale might portend housing boom's end

and the Journal's version.

For more of the sorry saga we have "Happy Anniversary, Wells Fargo and Wachovia!" (WFC; WB) which linked to a bunch of our posts and a look back at the mess by Ernst & Young national tax partner George White, J.D., CPA. Why the lazy bum couldn't swing the doctorate I don't know.

note: the India Daily link didn't work for me, this one might.