Sister Toldjah on MSNBC
A lot of people – myself included – are still angry and disappointed about the political outcomes of the last two American elections, particularly what it means for our political infrastructure and how it works in an uneven democracy. We’ve seen the biggest administrative changes in modern history – significant changes in the red-blue map of our nation – which is not a good thing for American democracy.
But from the other side of the coin, we are actually seeing a version of socialism coming to America. State-owned banks are issuing loans directly to home-buyers, which are a major accomplishment for President Obama. Real estate companies are offering a variety of pre-paid mortgages to small business owners looking to start their businesses. A Seattle-based software startup called One Mortgage is helping small businesses navigate the pre-purchase process, as well as the five to ten year loan process, now that 30-year fixed mortgages are simply not going to work for many small businesses. Real estate companies are also lending money, and will lend for reasonable interest rates, to help refinance mortgages that are underwater due to the previous house price crash. These companies are also changing mortgage laws, as well as changing lending standards, so that these same kinds of loans are much more accessible for communities across America.