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Business

4 Ways Greedy Capitalists Rig the System to Profit Off Our Misery
Business  (tags: capitalism, greed, poverty, water, resources, housing, foreclosure, savings, banks, injustice, prisons, incarceration )

Freya
- 43 days ago - alternet.org
The profit motive fogs the thinking of free-market advocates. The Economist gushes, "Take a bow, capitalism...the biggest poverty-reduction measure of all is liberalising markets to let poor people get richer."
Luxury Apartment Building Will Have Separate Door For Poor Residents
Business  (tags: Housing, New York City, Poverty, Rent )

Judy
- 90 days ago - thinkprogress.org
A luxury condo building on New York City's Upper West Side has gotten clearance from the city to have a separate entrance, or a "poor door," for low-income tenants, according to the New York Post.
The Empire Strikes Back: How Wall Street Has Turned Housing Into a Dangerous Get-Rich-Quick Scheme -- Again
Business  (tags: Wall street, capitalism, toxic, exploitation, economy, housing, crisis, foreclosures, mortgages, families, evictions )

Brian
- 322 days ago - commondreams.org
"In hindsight, it's clear that the Great Recession fueled a terrific wealth and asset transfer away from ordinary Americans and to financial institutions."
Fraudclosure Settlement Checks Sent To Victims Bounce
Business  (tags: Elizabeth Warren, video, housing, Wall Street, foreclosure, Fraudclosure, Fraudclosure settelement, mortgage )

Judy
- 549 days ago - news.firedoglake.com
Adding insult to injury, many of the checks sent out to victims from the fraudclosure settlement have bounced. Terms of the fraudclosure settlement are bad enough but now it seems the victims will have to wait a little longer after trying to deposit...
Big Banks Whining That Fannie And Freddie Won't Accept Their Toxic Loans Blindly Anymore
Business  (tags: financial industry, banking industry, housing, Fannie Mae, Freddie Mac, GSEs, repurchases, qualified residential mortgage )

Judy
- 744 days ago - news.firedoglake.com
Basically, banks are angry that Fannie and Freddie are daring to check their work, instead of blindly accepting the loans like they did during the housing bubble.
From the People Who Brought You the Destruction of the Housing Market...
Business  (tags: financial industry, banking industry, foreclosures, foreclosure fraud, housing, Fannie Mae, Freddie Mac, GSEs, securitization )

Judy
- 1367 days ago - news.firedoglake.com
The largest US banks, whose epic screw-up of the securitization process has led to confusion about the clear owner of 60 million mortgages,have a great idea. They want to take over the gov't-sponsored enterprise, mortgage-backed securities and all.
What Labor Is Fighting for This Labor Day (Video)
Business  (tags: abuse, americans, bush, candidates, cheney, Palin, congress, constitution, corruption, crime, democrats, elections, economy, ethics, freedoms, healthcare, housing, iraq, lies, mccain, media, military, news, politics, republicans, socialsecurity, labor )

Al
- 1506 days ago - truth-out.org
"The right to organize means that people are standing up for themselves, why are Republicans against that?"
Foreclosure Crisis Hits Minorities Hard
Business  (tags: Banks, Black, Committee for Responsible Lending, CRL, Foreclosure, Foreclosures, Hispanic, Housing, Housing Bubble, housing sector, Minority, Subprime )

Kemsa
- 1583 days ago - blcnn.wordpress.com
n terms of actual foreclosures, black and Hispanic borrowers are nearly twice as likely to have already lost their homes. The data shows that for every 10,000 loans made to African Americans, 790 foreclosures were completed, compared to 769 for every ..
Devastating Chicago Foreclosure Report Released
Business  (tags: americans, Chicago, housing, government, foreclosure crisis, consumers, economy, debt )

Sally Ann
- 1678 days ago - newsblaze.com
According to a new foreclosure report, there is a foreclosure in Chicago every 22 minutes. The report also reveals that more than 23,000 homes were in foreclosure in 2009, which is 16 percent more compared to homes that were in foreclosure in 2008.
BAD BUSINESS: Mortgages to Native Americans Have Cratered
Business  (tags: Redlining of Native Americans, dishonesty, housing, Native Americans, prejudice, society, business, government, news, consumers, finance, politics, usa, abuse, corruption, debt, humans, investing )

Cal
- 1748 days ago - indiancountrytoday.com
A determined effort to end the effective redlining of Native homelands began in the second half of the 1990s, with many promises made and some actual progress.However, much of that progress seems to have evaporated in the implosion of the mortgage market
Is Congress Creating Another Housing Bubble?
Business  (tags: economy, business, housing, dishonesty, corruption, politics, society, usa, money, news, government, finance, consumers )

Cal
- 1807 days ago - motherjones.com
Economists agree that the home-buyer tax credit is risky and stupid. So why does Washington love the policy?
Americans Swap Homes for Hotels as Recession Bites
Business  (tags: americans, society, humans, housing, recession, society, money, news, consumers, economy, foreclosures )

Cal
- 1928 days ago - reuters.com
Some Americans are swapping homes for motels as the ranks of the homeless swell during the recession, crowding out shelters and forcing cities and states across the country to find new types of housing.
Sign Petition: Support AgJOBS To Help America's Farm Workers
Business  (tags: society, culture, rights, farm, workers, government, law, agjobs, poverty, wages, housing, healthcare, food, agriculture, stability, guestworker, business, economy, humans, rights )

Tom
- 1984 days ago - ufwaction.org
There's a bipartisan immigration bill before Congress that could drastically improve the lives of these men and women who pick our country's food. It's called AgJOBS--The Agricultural Job Opportunities, Benefits and Security Act (S. 1038, Feinstein).
Stewart Slings Barbs Face-to-Face With Cramer
Business  (tags: abuse, americans, bushadministration, congress, corruption, cover-up, crime, dishonesty, economy, ethics, government, housing, lies, media, news, politics, usa, business, consumers, corporate, corruption, debt, dishonesty, economy, finance, foreclosures )

Kathleen
- 2047 days ago - cnn.com
Jon Stewart sat face-to-face with financial analyst Jim Cramer on Comedy Central's "The Daily Show" and continued the assault Thursday. Stewart blamed Cramer and cable network CNBC for being irresponsible cheerleaders in the lead-up to the stock market...
Ann Pettifor: Like Somali Pirates, Wall Street Holds U.S. to Ransom
Business  (tags: abuse, americans, crime, economy, lies, media, news, housing, propaganda, socialsecurity, terrorism, usa, business, corporate, corruption, debt, dishonesty, economy, ethics, finance, foreclosures, government, investments, investors, lies, money )

Al
- 2050 days ago - huffingtonpost.com
The US Treasury has set the pattern. While filling the vaults of Wall Street banks with taxpayer-backed funds, Secretary Geithner has refrained from asking for letters of resignation from the board members and CEOs that broke the banks.
 

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