Home Mortgage Disclosure Act data from 2005 reveal that more than 50 percent of black and 46 percent of Latino home buyers received subprime loans, compared to 17 percent of white borrowers. Many of the minority borrowers could have qualified for more favorable terms.

Exploiting the poor and minorities has always been a favored way for the capitalist class to increase their wealth.

Many of those with subprime loans will, of course, be losing their homes, maybe even to the same pond scum who sold and funded the mortgages, who are now waiting for prices to drop so they can buy cheap.

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Medea Benjamin says she feels like a battered wife with the Democratic Party as the husband.

I’m happy she finally figured it out.

Lefti has more.

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It’ll be a mix of hydro and wind power.

Maybe one day, hopefully soon, lots of islands and towns will also be energy self-sufficient. Decentralization of power is coming, we will have multiple sources of energy generation, and they will be smaller and distributed widely. The political implications of this are obvious.

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