New Orleans No matter how many billions banks pay to try to whitewash their devastatingly destructive behavior in milking home owner mortgages and turning homeowners every way but loose, they can’t make the mess go away. The stains and scandals are indelible and their refusal to change their culture or their standard operating practices guarantees [...]
New Orleans I have to confess I have often been skeptical of programs claiming to protect consumers that trumpet transparency as a major feature of the reform. I can show the scars still from negotiations with predatory lenders and tax preparation companies, who would easily agree to full disclosure of their effective interest rates and [...]
New Orleans Every time we think we might be surprised at the avarice of major financial institutions, we are reminded that in the real world, there are no limits either to greed or the willingness for banks to rip off anyone available including preying on desperate, poor families. More sickening evidence was available in a [...]
New Orleans Are you kidding me? The Chinese Premier Wen Jiabao called for breaking up the banks because they are making too much money and charging too much interest. It turned out he was actually calling for breaking up banks in China, rather than elsewhere, but how refreshing to have a head of [...]
Tegucigalpa Within minutes of hitting central Tegucigalpa we were on our way to a series of markets directly across the picturesque but fetid river running alongside the capitol not far from the original palace. ACORN Honduras in Tegucigalpa had been working with stall vendors over the last month who had asked for help after a sudden [...]
New Orleans Like a modern version of the 12 days before Christmas, I think we could all start listing a daily beating we are taking from business, government, or both.
Yesterday news came out that a fair chunk of the $26 billion settlement with banks over their home mortgage scandals and abuses with the state attorney [...]