The California city’s wunderkind mayor has big plans—including a basic income plan—to make good on his buzzed-about potential.
The ride-hailing firms have skirted traditional transportation laws, flooding the streets with cars for hire and causing economic hardship for licensed cabdrivers.
The lawyer, a Republican and Trump supporter, asks Mnuchin to recognize the damage done by big banks.
One of the president’s closest friends, Southern California billionaire Thomas J. Barrack (pictured), bought up homes during the Great Recession, bumped up rents and allowed the properties to fall into disrepair.
In this week’s episode of "Scheer Intelligence," the Truthdig editor in chief speaks with the author of the book “Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud.” Transcript added.
The city that was the arsenal of the 20th century may also provide the blueprint for a more precarious era: 100,000 of its residents are on what many call an eviction “conveyor belt.”
In June, investors led by the world’s largest asset manager and the world’s largest bond-fund manager sued some of the world’s largest banks for breach of fiduciary duty as trustees of their investment funds. The investors are seeking damages for the equivalent of 1 million homeowners with $250,000 in damages suing at one time.
It’s too bad Keynes isn’t around today to see how the toxic combo of financial engineering, central bank liquidity and fraud have transformed the world’s biggest economy into a hobbled, crisis-prone invalid that’s unable to grow without giant doses of zero-rate heroin and mega-leverage crack cocaine.
Twenty-six year National Guardsman Jerrod Hays lost nearly half his face to a roadside bomb in Iraq. Now, like too many other Americans, he could lose his home to banks.
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.