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View Diary: STUNNING: When a Single Image Cuts to the Core of an American Injustice (151 comments)

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  •  It's the Free Market system working perfectly. (11+ / 0-)
    . . . an overabundance of resources (homes) and millions who desperately need that resource (the homeless) . . .

    Oh.  Wait.  Maybe it ISN'T working perfectly.

    Who'd have thought?

    Celtic Merlin

    Struggle with dignity against injustice. IS there anything more honorable that a person can do?

    by Celtic Merlin on Sat Feb 04, 2012 at 07:24:29 AM PST

    [ Parent ]

    •  Yep. In a truly free market.... (2+ / 0-)
      Recommended by:
      Evolutionary, Amber6541

      ....rents for those houses would drop precipitiously - and prices for foreclosed houses would drop well below the amount owed on them.

      I guess Bank of America would rather have the houses doing nothing and wait for another real estate bubble than cut their losses.

      9-11 changed everything? Well, Katrina changed it back.

      by varro on Sat Feb 04, 2012 at 03:47:39 PM PST

      [ Parent ]

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