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marmar

(77,066 posts)
Sun Aug 4, 2013, 04:01 PM Aug 2013

The Backyard Shock Doctrine


from TomDispatch:




The Great Eviction
The Landscape of Wall Street’s Creative Destruction

By Laura Gottesdiener


We cautiously ascend the staircase, the pitch black of the boarded-up house pierced only by my companion’s tiny circle of light. At the top of the landing, the flashlight beam dances in a corner as Quafin, who offered only her first name, points out the furnace. She is giddy; this house -- unlike most of the other bank-owned buildings on the block -- isn’t completely uninhabitable.

It had been vacated, sealed, and winterized in June 2010, according to a notice on the wall posted by BAC Field Services Corporation, a division of Bank of America. It warned: “entry by unauthorized persons is strictly prohibited.” But Bank of America has clearly forgotten about the house and its requirement to provide the “maintenance and security” that would ensure the property could soon be reoccupied. The basement door is ajar, the plumbing has been torn out of the walls, and the carpet is stained with water. The last family to live here bought the home for $175,000 in 2002; eight years later, the bank claimed an improbable $286,100 in past-due balances and repossessed it.

It’s May 2012 and we’re in Woodlawn, a largely African American neighborhood on the South Side of Chicago. The crew Quafin is a part of dubbed themselves the HIT Squad, short for Housing Identification and Target. Their goal is to map blighted, bank-owned homes with overdue property taxes and neighbors angry enough about the destruction of their neighborhood to consider supporting a plan to repossess on the repossessors.

“Anything I can do,” one woman tells the group after being briefed on its plan to rehab bank-owned homes and move in families without houses. She points across the street to a sagging, boarded-up place adorned with a worn banner -- “Grandma’s House Child Care: Register Now!” -- and a disconnected number. There are 20 banked-owned homes like it in a five-block radius. Records showed that at least five of them were years past due on their property taxes. ....................(more)

The complete piece is at: http://www.tomdispatch.com/post/175731/tomgram%3A_laura_gottesdiener%2C_the_backyard_shock_doctrine/#more



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The Backyard Shock Doctrine (Original Post) marmar Aug 2013 OP
du rec. xchrom Aug 2013 #1
The requirement to READ the Entire article can not be under emphasized. This is disturbing... adirondacker Aug 2013 #2
recommend ^10. Bill USA Aug 2013 #3

adirondacker

(2,921 posts)
2. The requirement to READ the Entire article can not be under emphasized. This is disturbing...
Mon Aug 5, 2013, 03:20 PM
Aug 2013

"When Nicole Shelton attempted to move back into her repossessed home in a picket-fence subdivision in North Carolina, the Raleigh police department sent in more than a dozen police officers and an eight-person SWAT team. Officers were equipped with M5 submachine guns. A helicopter roared overhead. In Boston, one organizer with the community group City Life/Vida Urbana remembers the police acting so aggressively at an eviction blockade in a Haitian neighborhood that the grandmother of the family had a heart attack right in the driveway.

And sometimes it doesn’t require resistance at all. On the South Side of Chicago, explained Toussaint Losier, a community organizer completing his Ph.D. at the University of Chicago, “They bust in the door, and it’s at the point of a gun that you get evicted.”"

Bill USA

(6,436 posts)
3. recommend ^10.
Mon Aug 5, 2013, 07:00 PM
Aug 2013

a really important article. If only this were allowed on Corporate M$M. Thanks for posting.
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