Subprime 101, Stop Loss, and a Desert Blooms in Detroit

Tonight on GRITtv we look at the great subprime swindle with Sarah Ludwig, Co-Director of the Neighborhood Economic Development & Advocacy Project (NEDAP), Kai Wright author of a recent article in the Nation magazine, Lionel Ouellete the Executive Director of C.H.A.N.G.E.R., and Dr. John Flateau Chair of the Economic and Empowerment Committee of the NAACP in Brooklyn.

As millions of Americans are forced to foreclose on their homes find out how the Government fell asleep at the switch and why regulators failed to do their job. As Ludwig says, there were many who knew the house of cards was about to fall, including advocacy groups calling for basic oversight, and yet nothing was done.

An interview with Kimberly Peirce, co-screenwriter and director of Stop Loss. Many soldiers are being forced to re-enlist and return to Iraq and Afghanistan. The United States may have an all-volunteer army, but it is sustained by a stop loss policy, a kind of revolving door draft that exacts a heavy toll on military families. In this interview Peirce discusses the making of Stop Loss and why she’s heading to Washington to weigh in on the stop loss compensation act.

Curt Flood denied entry into the Baseball Hall of Fame. "Born-again baseball fan" Bill Fletcher of blackcommentator.com tells us why it matters. Finally day nine of Chris Hume’s Red State Road Trip. A desert blooms in Detroit.

And Live From Main Street. This Saturday Laura will be in Miami for a town hall forum on how that city is coping with the current economic crisis and what residents are doing to build a stronger sustainable city. All that and more on GRITtv.