Stop the Subprime Tsunami

Stop the Subprime Tsunami

Predatory lending is the biggest economic crisis since 1929, especially for the black and brown people caught in its grip.

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America’s poor–particularly the black and brown people in America’s inner cities–are caught in the grip of an economic crisis “many times bigger than the Savings and Loan scandal.” In a visit with The Nation, the Rev. Jesse Jackson urges action, calling for a “Resolution Trust Corporation” and action by the leading Democratic presidential contenders to face this crisis before it gets any worse. In this VideoNation commentary, Rev. Jackson lays out the problem and his vision for change, starting with a December 10th march on Wall Street.

For more information, visit the Rainbow Coalition online.

We cannot back down

We now confront a second Trump presidency.

There’s not a moment to lose. We must harness our fears, our grief, and yes, our anger, to resist the dangerous policies Donald Trump will unleash on our country. We rededicate ourselves to our role as journalists and writers of principle and conscience.

Today, we also steel ourselves for the fight ahead. It will demand a fearless spirit, an informed mind, wise analysis, and humane resistance. We face the enactment of Project 2025, a far-right supreme court, political authoritarianism, increasing inequality and record homelessness, a looming climate crisis, and conflicts abroad. The Nation will expose and propose, nurture investigative reporting, and stand together as a community to keep hope and possibility alive. The Nation’s work will continue—as it has in good and not-so-good times—to develop alternative ideas and visions, to deepen our mission of truth-telling and deep reporting, and to further solidarity in a nation divided.

Armed with a remarkable 160 years of bold, independent journalism, our mandate today remains the same as when abolitionists first founded The Nation—to uphold the principles of democracy and freedom, serve as a beacon through the darkest days of resistance, and to envision and struggle for a brighter future.

The day is dark, the forces arrayed are tenacious, but as the late Nation editorial board member Toni Morrison wrote “No! This is precisely the time when artists go to work. There is no time for despair, no place for self-pity, no need for silence, no room for fear. We speak, we write, we do language. That is how civilizations heal.”

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Onwards,

Katrina vanden Heuvel
Editorial Director and Publisher, The Nation

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