Kwazi Nkrumah: Foreclosure Crisis Continues – There are over 3.5 million American households that are over 4 months in arrears in their mortgage payments.
Ellen Brown: We may not be able to beat the banks, but we don’t have to play their game. We can take our marbles and go home.
Vijay Prashad: The “safety net” that Romney mentioned has been frayed beyond recognition since the 1980s. One of the most grotesque problems is hunger.
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.
Kwazi Nkrumah: After U.S. housing prices peaked in mid-2006 and began a sharp decline thereafter, refinancing became more difficult.
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.
Sharon Kyle: Kamala Harris emphasized the need to continue to chip away at the forces behind this crisis, stating that she and her team have instituted a Mortgage Fraud Strike Force which has been created to protect innocent homeowners and bring to justice those who defraud them.
Kwazi Nkrumah: For years the banks, real estate agents and investors in real estate securities on Wall Street were making money hand-over-fist. They did all this while pretending to break from their previous established history of gross discrimination and red-lining against the disproportionately non-white borrowers whose limited financial resources forced them into “sub-prime” status in the first place.
Dick Price: Occupiers expressed satisfaction that their concerns had been heard by Wells Fargo leaders, but frustration that little concrete action had been taken and no promises made for future steps.
Robert Reich: January’s increase in hiring is good news, but it masks a bigger and more disturbing story – the continuing downward mobility of the American middle class.
Sharon Kyle: Kamala Harris standing firm on decision to reject bank settlement that could garner the state $15 billion but would release bank liability.
Peter Dreier: recent report sponsored by bank reform groups reveals that if banks lowered the principal balance on all underwater mortgages to their current market value, it would pump over $70 billion per year back into the economy.
Carl Bloice: There are an estimated 3.5 million seriously delinquent mortgages out there. There were nearly 2.7 million foreclosure filings on about 1.9 million homes last year. That’s down from 2007, but it’s still about one out of every 69 homes in the country.