How can Billion Dollar Fines be Little More Than Water off a Duck’s Back?

Citizen Wealth Financial Justice Foreclosure

New Orleans   I hate to admit it, but to me a billion dollars still seems like a whole lot of money.  Unfortunately, I’m afraid saying so makes me hopelessly hide bound and old school.             Why?             Because the government seems to be passing out billion dollar fines like candy to banks, utility companies, oil …

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Is it Possible that Judges are Finally Fed Up with Banks Breaking Bad?

Citizen Wealth Financial Justice Foreclosure

Toronto   After years of big banks essentially flipping off their customers and borrowers fighting foreclosures in no small measure because banks were more than willing to take the money and run on the government’s bailout, but were heedless of the damage they were doing to their borrowers’ lives and communities, Gretchen Morgenston in the New York …

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Another Deal Coming for the Bankers, Unlikely to Benefit Consumers

Citizen Wealth DC Politics Financial Justice Foreclosure

Dauphine Island       New reports have finally trickled out on a “last and final” deal between government regulators and the nation’s big banks over their irresponsible, immoral fleecing of consumers around home mortgages leaving millions as foreclosure victims.  Nothing about this settlement sounds really good for consumers particularly.  The whole thing smacks of end of the …

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