Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (175111)	11/1/2011 11:43:29 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 541658

It'll some some heads busted. I don't think that's the idea, tho. Somewhat along the lines of this.. Like a Thick Wall”: Blocking Farm Auctions in Iowa Some may think of farmers as conservative, but that view ignores a long tradition of rural radicalism in the United States. In the early years of the Great Depression, that radicalism found powerful expression in the subverting of farm foreclosures and tax sales. The technique was simple—when a farm was foreclosed for overdue taxes or failure to meet mortgage payments, neighbors would show up at the auction and intimidate any potential buyers. Then the farm and equipment would be purchased at a token price and returned to the original owner. Nation magazine reporter Ferner Nuhn witnessed such an auction sale in Iowa and described this practice in March 1933. These efforts saved the livelihood of many South Dakota and Iowa farmers who were devastated by the depression, but they were not enough. Between 1930 and 1935, about 750,000 farms were lost through foreclosure and bankruptcy sales. historymatters.gmu.edu