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.

The Revolution Will Be Livestreamed

occupy-not-televised-wide

Lauren Steiner: Since the mainstream media, even MSNBC, is owned by large corporations representing the top 1%, we cannot count on them to serve as the check on government that our Founders intended the press to be.

Where Have All the Jobs Gone?

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Judith Stein: If President Obama wants the United States to manufacture again, he must change foreign and domestic priorities. The United States is more committed to maintaining its open market than to providing jobs for Americans.

“The Arab Awakening”

Qadaffi-wide

Scott Prosterman: Now, it’s time for Barak Obama to direct the American military and intelligence resources to work with other nations to take Qadaffi down and out once and for all.

Foreclosure Paperwork Scandal

Marian Wang: Though foreclosures continue to speed through courts in some states, in recent months some judges have increasingly questioned banks bringing foreclosure cases in court, forcing them to prove their legal standing to foreclose.

Republican Economics as Social Darwinism

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Robert Reich: John Boehner, the Republican House leader who will become Speaker if Democrats lose control of the House in the upcoming midterms, recently offered his solution to the current economic crisis: “Liquidate labor, liquidate stocks, liquidate the farmer, liquidate real estate. It will purge the rottenness out of the system. People will work harder, lead a more moral life.”

Blacks Prison and Unemployment

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Sherwood Ross: Slumlords charge exorbitant rents. “Convenience” stores charge higher prices. Military recruiters have their pick of jobless youth desperate for work. And the for-profit, private prisons increase their head count (and income) as the judicial system hands off the young drug peddlers caught in the legal web. As the Kaiser Family Foundation reported, African-Americans fill 40 percent of the nation’s prison cells. Yet they make up just 13 percent of the nation’s population.

They Don’t Call ’Em Landlords for Nothin’

Photo: Kenny Muir

hough you may have accidentally become noble…well, at least, you can vote…the next time you’re writing your rent check remember this: You’re still paying the lord to live on his land and you’re still the villain.

Save $1 Billion in Five Years—End the Death Penalty in California

prison

In the market for a prime piece of real estate? Governor Schwarzenegger has the deal for you! Facing a $21.3 Billion budget deficit in California, Schwarzenegger has offered to sell state-owned property to make up the difference. The crown jewel of the proposed fire sale is San Quentin State Prison, home to California’s death row [...]

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