economic interests
This analysis is not from Occupy Wall Street: It’s from those long-haired, hippie radicals over at Bloomberg News, whose Freedom of Information Act lawsuit finally pried the bailout details out of the unwilling Fed. Turns out the banks made $13 billion in profits off the government’s sweetheart-deal interest rates, which New Deal 2.0 is calling maybe “the biggest subprime loan operation of all time.”
The contrast couldn’t be clearer: While the government swung into extreme, double-secret action to save Wall Street, it’s sitting on its hands as long-term mass unemployment hammers Main Street.
During my travels connecting with communities as part of an extended listening tour for Jesus Died for This?: A Satirist's Search for the Risen Christ, I hung about a bit with Mark Van Steenwyk, co-founder of Missio Dei, an anabaptist intentional community in Minneapolis, Minnesota. I was intrigued to learn about their work with the Christian Peacemakers Team (CPT), so I decided to shoot him an email to see what's in store for them during spring 2011.