Skip to main content

View Diary: Prosecuting Wall Street Gets Real (193 comments)

Comment Preferences

  •  Same here. (8+ / 0-)

    I was one of the grassroots organizers working to expose this back in the early 00s. We were obviously outmatched. For all the efforts we made, more and more people were finding their way to these loans.

    We faced a wall of opposition that would have discouraged most people. Not only was there opposition but most of our local elected leaders flat out ignored our letters, protests, etc. The media didn't care.

    We branched out in every direction trying to alarm someone about this egregious fraud and robbery. The only thing that would bring it down to the level of being a household conversation was when predatory lending spread so far and wide that there was no choice but for the media to talk about it.

    If it hadn't crashed the economy, it might still be going on as ever. That's how hard it was to organize against this issue.

    Every step towards the president getting involved has seemed like a major victory from my POV because I remember the wall of silence and opposition a decade ago.

    "It's not enough to acknowledge privilege. You have to resist." -soothsayer

    by GenXangster on Sat Jan 28, 2012 at 01:25:55 PM PST

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site