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On Climate, Business as Usual




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Tag: Homeowners


The Public-Private Profiteers

In the cases of healthcare and underwater mortgages, the administration shied away from direct government aid. Instead, it subsidized private companies to serve the people. To get your government-subsidized mortgage modification, you applied at your bank; to get your government-mandated health coverage, you buy private insurance.

Posted on Feb 6, 2014 READ MORE



The hills are alive (Away) (CC BY 2.0)

Poor Losing Homes Over Small Tax Liens to Private ‘Investors’

Low-income D.C. residents—many of them retirees—have been losing their homes under a program in which tax rights are sold to private investors who add mind-boggling fees and then foreclose when they aren’t paid. And it’s all legal.

Posted on Sep 8, 2013 READ MORE



AP Photo/Carlos Osorio

Federal Cash to Help Homeowners Will Raze Properties Instead

Some $100 million in federal money aimed at keeping Michigan families in their homes will now be used to tear down emptied buildings.

Posted on Aug 21, 2013 READ MORE



Rainforest Action Network (CC-BY)

Bank of America Lied to Homeowners and Rewarded Foreclosures, Ex-Employees Say

Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.

Posted on Jun 18, 2013 READ MORE



kevin dooley (CC BY 2.0)

Regulators to Keep Tight Lips on Foreclosure Improprieties

This month we learned that regulators will not reveal any shenanigans discovered by the highly paid “independent” consultants big banks hired under orders from the government to review potential wrongdoing on their part in the foreclosure/robo-signing scandal.

Posted on Apr 30, 2013 READ MORE


mortgage crisis

CEOs Were Bailed Out, Homeowners ... Not So Much

Robert Greenwald’s filmmaking team has zeroed in on the ongoing mortgage crisis in this clip illustrating the stark contrast between the fate of Wall Street bankers and that of struggling homeowners after the initial bailout money was doled out—without any requirements that those who benefited the most account for the funds or be accountable to people trying to save their homes.

Posted on Feb 10, 2009 READ MORE


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