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Bank of America’s Countrywide: One of the Worst Deals Ever

New Orleans – In one of the many articles on yet another multi-$100 million settlement, one story, almost in an aside, stated that the purchase of Countrywide’s assets by Bank of America, was “one of the worst deals ever.”  The price tag for Bank of America has been billions.

This settlement with the Justice Department [...]

TIDAL: Occupy Theory, Occupy Strategy

December 9, 2011   New Orleans               A fellow organizer passed on an email to me yesterday that is worth sharing.  Occupy Wall Street put out a combination position paper / magazine / whatnot entitled:  “TIDAL: Occupy Theory, Occupy Strategy.”  I was able to access the PDF by googling the title directly, and you might want to [...]

Indian Government Deals Small Businesses a Hard Blow

            New Orleans               For years the India FDI Watch Campaign supported by ACORN International has campaigned to make sure that any modification in foreign direct investment would protect the 20,000,000 small retailers, birani shop keepers, brokers, and others would be done responsibly.  Working to build a large, diverse national coalition, the [...]

Unfair Fairtrade

 New Orleans               ACORN International released a hard-hitting report that was the result of extensive research during the summer, largely conducted by Melanie Craxton, an economics major at the University of Edinburg, interning in the New Orleans headquarters.   Because of our partnership with COMUCAP, the women’s coffee and aloe vera growing cooperative in Marcala, Honduras, and [...]

Credit Unions May Only Be Different in Degree & Wal-Mart Muscles In

            New Orleans               Having written about the need to sever our bad codependency relationship with big banks that are daily picking our pockets, I hopefully popped up the street to the new offices of my local credit union, ASI.  I had good reason to do so.  Their sister organization is my landlord and ASI originally [...]

Finally Support for Principal Reduction for Borrowers

New Orleans For not months but years, we have argued for principal reduction as the only realistic response to the foreclosure and homeowner crises in housing, and I have been clear that the main obstacle has been the collaboration between the banks that don’t want to reduce their balance sheets to reflect reality and the [...]