Coatesville Dems: From “Marketplace” American Public Media comes an understandable explanation of how an why we are in a credit crunch.

Welcome to the Coatesville Dems Blog

Public Corruption in Chester County, PA

I believe an unlikely mix of alleged drug trafficking related politicos and alleged white nationalist related politicos united to elect the infamous “Bloc of Four” in the abysmal voter turnout election of 2005. During their four year term the drug business was good again and white nationalists used Coatesville as an example on white supremacist websites like “Stormfront”. Strong community organization and support from law enforcement, in particular Chester County District Attorney Joseph W. Carroll has begun to turn our community around. The Chester County drug trafficking that I believe centers on Coatesville continues and I believe we still have public officials in place that profit from the drug sales. But the people here are amazing and continue to work against the odds to make Coatesville a good place to live.

Friday, October 3, 2008

From “Marketplace” American Public Media comes an understandable explanation of how an why we are in a credit crunch.

A complicated debt package uncorked
http://marketplace.publicradio.org/display/web/2008/10/03/cdo/

"Economists are saying collateralized debt obligations are partially to blame for the mortgage crisis. What those are is hard to explain, but Rico Gagliano gives it a try with help from Senior Editor Paddy Hirsch"