Foreclosures 101 – Part 1

foreclosures soar

Kwazi Nkrumah: For years the banks, real estate agents and investors in real estate securities on Wall Street were making money hand-over-fist. They did all this while pretending to break from their previous established history of gross discrimination and red-lining against the disproportionately non-white borrowers whose limited financial resources forced them into “sub-prime” status in the first place.

Democratization: Indigenous Beats Imported

cairo demonstration

Ivan Eland: Despite George W. Bush’s and Barack Obama’s efforts to topple foreign dictators and use military power to forcefully impose democracy from without, democracy usually works better if it bubbles up from below by popular desire.