Bank-transfer season 2012

The New Bottom Line project says “Bank Transfer Season 2012 Kicks Off in San Francisco“: Yesterday, clergy in San Francisco announced plans to divest $10 million from Wells Fargo. 40 clergy from across San Francisco gathered outside the headquarters of Wells Fargo to call on the bank to put an immediate freeze on all foreclosure [Read More…]

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C.S. Lewis and Occupy Wall Street

Here’s a bit more from David Graeber in the Boston Review: [Debt: The First 5,000 Years] came out of the strange moral power that debt has over people. So many times you’re talking to people about the depredations of the International Monetary Fund in the third world, telling these horrible stories about the thousands of [Read More…]

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Jubilee: Proclaim the year of the Lord’s favor

Internet Monk just celebrated “Jubilee Week: All Grace All the Time!” Jubilee is one of my favorite things. Debts are cancelled. Slaves are set free. Olly olly oxen free. What could be better? First thing that Jesus talked about in his public ministry? Jubilee. It pervades his parables. It’s right there in the prayer he [Read More…]

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#Occupy the trailer parks

Stimulus plan: Government-backed low-interest loans for manufactured home communities to allow homeowners to purchase the land beneath them. These people pay their rent, so they can afford the loan payments. When you own a not-so-mobile home but rent the land it sits on, you face the prospect of imminent upheaval, homelessness and the loss of [Read More…]

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Ross Douthat’s utopia exists, in Haiti

If only “the government” would get out of the way, then private charities could step in, step up, and fix all of our problems. This is not a serious suggestion, but it’s a popular one, perennially put forward by people who insist we should take them seriously. New York Times columnist Ross Douthat offers a [Read More…]

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Smart people saying smart things

Rabbi Bradley Shavit Artson: “Biblical Economic Justice: Supply and Demand Isn’t Enough“ The Bible itself provides ample examples of laws that modify the unbridled rights of property owners: we are commanded to leave the corners of our fields unharvested, and to harvest our crops but once. Any remaining produce becomes the property of the poor, [Read More…]

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Banks behaving badly

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.” — Mark Twain Reformed Broker: “Inside the Credit Card Robosigning Scandal“ Credit card accounts get charged-off when a customer falls several months behind on payment. The issuer then sends the [Read More…]

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Banks behaving badly

“Every aristocracy that has ever existed has behaved, in all essential points, exactly like a small mob.” — G.K. Chesterton Main Street’s Doug Foote reports that the Obama administration and banks are moving closer to a slap-on-the-wrist foreclosure-fraud settlement: There was talk over the past few months about a $25 billion settlement, which would help [Read More…]

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