Matt Ward: Nationwide, the Occupy movement’s defense of foreclosed homes and individuals is an embodiment of the compassion espoused by the history’s greatest prophets and philosophers.
Foreclosures 101 – Part 2
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Kwazi Nkrumah: After U.S. housing prices peaked in mid-2006 and began a sharp decline thereafter, refinancing became more difficult.
Kamala Harris: Foreclosure Settlement Scores Points, Raises Questions
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Sharon Kyle: Kamala Harris’ broad smile and “down home” style was gobbled up by the crowd as members of the African American Caucus listened and showed support for their Attorney General.
California AG Kamala Harris Standing Firm Against Foreclosure Settlement
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Sharon Kyle: Kamala Harris standing firm on decision to reject bank settlement that could garner the state $15 billion but would release bank liability.
Nevada Wallops Bank of America With Sweeping Suit
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Paul Kiel: Nevada’s action signals that the banks’ problems with home mortgages—the main cause of the financial crisis—continue to burden them and rattle investors.
Blacks and Latinos Will Suffer When the Student Debt Bubble Bursts
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David Love: There is every indication that the bursting of the student debt bubble, like the housing bubble before it, is imminent. And when it happens, it will send shockwaves throughout the financial markets. People of color will be especially vulnerable.
The Debt Ceiling Crisis: Let’s Get Personal
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Walter Brasch: Since you like hunting, and they like hunting, your banker friends will let you buy all the guns and ammunition you want. But, they can’t help you on your health bills, or even lower the insurance premiums and co-pays. And, they can’t do much for that inflated mortgage payment. Or to help you find another job.
Warren Congressional Foe in Bed with Banksters
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Lee Fang: Rep. McHenry received $63,800 from lobbyists and executives from banks, mortgage companies, payday lenders, and other predatory lenders in the last three months alone.
Municipal Bankruptcy Threatens Workers, Communities…
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Caitlin Vega: The same people who want to make personal bankruptcy impossible now want state and local governments to use it strategically to screw workers.
Faith Predators: Looting the American Dream
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Sikivu Hutchinson: The solipsism of the prosperity gospel as vehicle for commodity capitalism mires African-American communities in an endless spiral of dependence on the supernatural.
Dems: Obama Broke Pledge to Force Banks to Help Homeowners
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Paul Kiel and Olga Pierce: The Obama administration has relied on a voluntary program with few sticks, that simply offers banks incentives to modify mortgages.
Bank Errors Cause Damage to Credit, Distress to Homeowners
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Marian Wang: Some consumers have been surprised to see damage to their credit score after requesting information from the banks.
The Shameful Attack on Public Employees
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Robert Reich: Public servants are convenient scapegoats. Republicans would rather deflect attention from corporate executive pay that continues to rise as corporate profits soar, even as corporations refuse to hire more workers.
Daring to Be Ourselves…Financially
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Manisha Thakor: Women who consistently negotiate their salaries throughout their careers earn $1 million more over their work lives than women who do not. We pay a high price for not speaking up for ourselves financially in the workplace. Here are a few money mantras that may help.
Foreclosure Paperwork Scandal
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Marian Wang: Though foreclosures continue to speed through courts in some states, in recent months some judges have increasingly questioned banks bringing foreclosure cases in court, forcing them to prove their legal standing to foreclose.
Ahead of Congressional Hearings, Robo-Signer Scrutiny Spreads
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Marian Wang: Several recent reports about robo-signers have brought fresh attention to another angle of the foreclosure scandal: Robo-signing didn’t just occur in the foreclosure process. It also occurred in the processing of mortgage assignments.
Slash Social Security? No – Double It
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Steven Hill: Social Security Plus would provide a stable, secure retirement for every American and contribute greatly toward a solid foundation from which to build a strong and vibrant 21st century U.S. economy.
Creating a Quality Economy, Part 3
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by Mark Pash, with Brad Parker — Education is very, very important to individuals in a capitalistic system – especially math and science education in our high tech world. It is also very important to a democratic society in general. But, it is only one of the important components for a successful economy. Brazil, Russia [...]
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