California has built just one college campus since 1980, but it’s created 21 prisons.
Here’s yet another form of hidden bailout the federal government doles out to our big banks, without the public having much of a clue.
This is from the WSJ this morning:
Some of the biggest names on Wall Street are lining up to become landlords to cash-strapped Americans by bidding on pools of foreclosed properties being sold by Fannie Mae…
While the current approach of selling homes one-by-one has its own high costs and is sometimes inefficient, selling properties in bulk to large investors could require Fannie Mae to sell at a big discount, leading to larger initial costs.
In con artistry parlance, they call this the “reload.” That’s when you hit the same mark twice – typically with a second scam designed to “fix” the damage caused by the first scam. Someone robs your house, then comes by the next day and sells you a fancy alarm system, that’s the reload.
In this case, banks pumped up the real estate market by creating huge volumes of subprime loans, then dumped a lot of them on, among others, Fannie and Freddie, the ever-ready enthusiastic state customer. Now the loans have crashed in value, yet the GSEs (Government Sponsored Enterprises) are still out there feeding the banks money through two continuous bailouts.
Congratulations, America, your quasi-governmental housing entity is about to subcontract out mass-landlording/slumlording jobs to the likes of John Paulson and Warren Buffett…
National Occupation of Washington, DC Will Bring Occupiers Together to Share Experiences, Educate Each Other and Build an Independent Movement to Shift Power from Concentrated Wealth
Many in the corporate media like to think the Occupy is over, but those of us involved know better. We do not rely on the corporate media to validate the work of Occupy, we see it in our communities. And, we know to look to our own media for accurate information. The Occupied Wall Street Journal reports on the actions of the Occupy, it’s weekly “Reports from the Front Lines” is something many of us look forward to so we can see the movement taking action across the country.
Another visible presence of Occupy will be evident this spring in Washington, DC when the National Occupation of Washington, DC begins on March 30th. The event, which will continue through the month of April, is being organized by members of dozens of occupies from around the country. Twenty-five General Assemblies have passed statements of solidarity for this national occupy event.
NOW DC begins with a lot of activity. On the first day, Occupy the EPA, will bring people together to protect the planet for a sustainable future. It will feature Helen Caldicott, a pediatrician nominated for the Nobel Peace Prize, known for her anti-nuclear activism, Dr. Marsha Coleman-Adebayo an EPA whistleblower and Margaret Flowers, also a pediatrician, noted for her advocacy for single payer health care among others. The march will include a pack of alpaca’s, a giant Earth and a giant polar bear puppet.
The weekend of March 31st and April 1st includes a two day “Bail Out America” direct action training organized by the Backbone Campaign which will provide information on strategies and tactics and developing creative actions that advance the causes of Occupy. Also that weekend will be the Occupation of the Department of Education, which will include teach-ins about how to end high stakes testing which is destroying schools and being used as a tool to privatize education. Finally, that weekend will include trainings for peace keepers who will help to ensure NOW DC remains non-violent in its challenges to the Washington, DC power structure.