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Occupy Homes is right — foreclosure is a moral issue



As Mayor Rybak and the City of Minneapolis scramble to make clear their role in home foreclosures, the stand taken by Occupy Homes is making it clear that this issue is not black and white and that at bottom there is a moral component. And there is the question of whether public monies should be used in this dispute between a homeowner and lender. The law and rule of law make it easy to forget that at bottom we are human beings and the law should make it easier for all of us to live as human beings rather than as consumers and victims of commercial swindle. Of course it is commercial swindle, because who said interest had to be eight or 12 percent? And how did the banks get to offer and then enforce adjustable mortgages that seem destined to go higher rather than lower? Continue Reading →

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