Dan Bluemel: When a bank is acting as a mortgage servicer, the situation changes. Often it is more profitable for a mortgage servicer to foreclose because of how mortgage-backed securities are structured.
Peter Dreier and Donald Cohen: A full-time worker who earns the current minimum wage makes only $15,080 a year. That is 19 percent below the official poverty line for a family of three.
Jim Hightower: Once the secure base of the middle-class, suburbs have become the fastest-growing home of American poverty.
Peter Dreier: Rep. Paul Ryan is back to his old tricks, demonizing people who rely on government to improve their lives. This week, his target was food stamp recipients.
RJ Eskow: A little unsolicited advice: Run! Run from the radical-right Republicans and demand sanity instead of madness. Run from anyone who tells you corporatist Democrats are the best you can hope for politically.
Rudy Acuña: The ideal was to own one or two houses that could be rented out. That was the Mexicans’ Individual Retirement Account (IRA), only better because they did not have to pay an agent or be at the whim of the stock market.
RJ Eskow: Many financially sophisticated investors and bankers will say privately that they agree that it’s only a matter of time until the next crisis comes.
Bill Gerencer: We may have to adjust the cap on the portion of income that contributes a percentage to social security. This will maintain a surplus. Second, Congress must give up its ability to borrow the surplus.
Kevin Zeese and Margaret Flowers: The fact that people are waking up and taking action gives us hope based not in the rhetoric of phony politicians but in the actions of the people. That is where the real power resides, if we exercise it.
David Love: Minority groups have been disproportionately affected by the Great Recession, and to make things worse, since the economic downturn, it appears diversity has not been a priority for employers.
Gary Cohn: California’s Enterprise Zone program has been under fire for years from critics who say that it simply rewards employers for moving jobs from one location to another — and who echo the charge that several of the so-called enterprise zones aren’t really in economically distressed regions.
Robert Reich: Who needs Republicans when Wall Street has the Democrats? With the help of congressional Democrats, the Street is rolling back financial reforms enacted after its near meltdown.
Tina Dupuy: Because these giant corporations are getting a free pass by the very premise they create jobs, they’re in essence piling their tax burden onto their workers.