King of the Hate Business

Alexander Cockburn writes, "to cite reports from the Urban League, and United for a Fair Economy, minorities are more than three times as likely to hold high-cost subprime loans, foisted on them by predatory lenders, meaning the big banks; “all black and Latino subprime borrowers could stand to lose between $164 billion and $213 billion for loans taken during the past eight years.” Get those bankers and big mortgage touts into court...

Original publication: Chronicles: A Magazine of American Culture

Date of publication: 05/01/2009

By Alexander Cockburn, co-editor of CounterPunch and a columnist for The Nation.

The sun is dipping low in the evening sky over the Republican Party as the Other Leading Brand. A mere 21 percent of the adult population identify themselves as Republicans. Sen. Arlen Specter sees the writing on the wall. He prefers to make his sixth senatorial run under the ample Democratic banner, rather than get mangled in the tiny shark tank of a Republican primary attended only by people who want to see the country run by Limbaugh and Hannity. With Franken certified, Specter crossing the aisle and Biden in reserve, the Democrats can no longer hide behind the excuse of a Republican filibuster. They’ll figure out a way, no doubt, but it could be embarrassing....

Read the full article in Chronicles: A Magazine of American Culture.