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By William Pfaff
$16.50
By George Orwell
$13
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AP/Carolyn Kaster
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By Robert Scheer — The president has chosen to fill two key Cabinet positions dealing with business practices with people who specialized in financial rip-offs.
Posted on May 7, 2013
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Flickr/respres (CC-BY)
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By Jesse Eisinger, ProPublica —
Freddie Mac, the taxpayer-owned mortgage giant, made it harder for millions of Americans to refinance their high-interest-rate mortgages for fear it would cut into company profits, present and former Freddie Mac officials disclosed in recent interviews.
Posted on Oct 26, 2012
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jrodmanjr (CC BY-ND 2.0)
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The Federal Reserve announced last week that it would launch no new stimulus programs to jump-start the economy, and editors at The Washington Post applauded Edward DeMarco, acting director of the Federal Housing Finance Agency, for refusing to refinance mortgages for struggling homeowners.
Posted on Aug 4, 2012
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woodleywonderworks (CC-BY)
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By Blair Hickman, ProPublica —
The U.S. housing crisis has been going on nearly five years, with still regular revelations about misdeeds by banks and others. Here’s ProPublica’s roundup of standout reporting on the crisis.
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AP / Saul Loeb
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By Robert Scheer — I get angry because betrayal by the “good guys” for whom I have ended up voting has become the norm.
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White House / Pete Souza
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By Amy Goodman — In his State of the Union address, many heard echoes of the Barack Obama of old, the presidential aspirant of 2007 and 2008.
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AP / Matt Rourke
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By Robert Scheer — On this Thanksgiving we have been cheated of the bounty of the harvest as one in three Americans descends into poverty.
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Håkan Dahlström (CC-BY)
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Saying the word recovery over and over won’t change the fact that the U.S. housing market is continuing its nose dive. David Blitzer of S&P tells the BBC, “Keeping with the trends set in late 2010, January brings us weakening home prices with no real hope in sight for the near future.”
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Flickr / Håkan Dahlström (CC-BY)
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More than half of the state's homeowners with a mortgage—51.4 percent—spend more than 30 percent of their monthly income on housing costs, according to 2005-2009 estimates from the U.S. Census Bureau's American Community Survey. ... (more)
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By Eugene Robinson — The crisis over faulty or fraudulent paperwork in mortgage foreclosures—which is either a big deal or a humongous deal, depending on which experts you believe—is the fault of arrogant, greedy lenders who played fast and loose with the basic property rights of homeowners.
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By Amy Goodman — The big banks that caused the collapse of the global finance market, and received tens of billions of dollars in taxpayer-funded bailouts, have likely been engaging in wholesale fraud against homeowners and the courts.
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Flickr / Michael Gray (CC-BY-SA)
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Bank of America said Monday it will resume foreclosures in 23 states. The country’s largest bank stopped processing foreclosures nationwide while it investigated a mess of paperwork that cast doubt on the validity of home seizures. A self-imposed ban remains in 27 states.
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Flickr / Philippe Put (CC-BY-ND)
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You know how financial institutions have a way of wielding fine print like a weapon? Well it turns out that when it comes to foreclosures, many of the nation’s lenders are either willfully ignoring procedure or are woefully incompetent at paperwork. Take your pick.
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Flickr / david.nikonvscanon (CC-BY)
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Danny Schechter’s new movie, “Plunder: The Crime of Our Time,” tells the story of the economic collapse as “a crime narrative as opposed to a mistakes narrative.”
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Flickr / david.nikonvscanon (CC-BY)
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Danny Schechter’s new movie, “Plunder: The Crime of Our Time,” tells the story of the economic collapse as “a crime narrative as opposed to a mistakes narrative.”
Posted on May 5, 2010
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Flickr / respres
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John Dunbar of the Center for Public Integrity has analyzed the Obama administration’s home loan modification program, which aims to keep troubled borrowers in their homes, and finds it “highly problematic.”
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Flickr / respres
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John Dunbar of the Center for Public Integrity has analyzed the Obama administration’s home loan modification program, which aims to keep troubled borrowers in their homes, and finds it “highly problematic.”
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Larry Wright —
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