Dauphine Island Despite the federal investments in banking now, many of the biggest seem to be accelerating predatory practices particularly around fees. During normal times working families stretching every penny to pay bills will occasionally bounce a check. Who hasn’t?
Banks seem to in fact count on us bouncing some checks in order to balance their [...]
New Orleans The scorecard is finally being written on the ballyhooed, though mostly baloney, loan modifications being done by big home mortgage loan servicers and trumpeted by the federal government (and largest shareholder in many of these outfits) as a real plan for foreclosure relief, and it stinks. Gretchen Morgenson in a searing Times column [...]
New Orleans There just seems to be no shame among most of the nation’s big banking institutions. Despite their recklessness and greed that frog marched us into a semi-great depression, they continue to aggressively resist all movement to reform their ways and now are fleecing us more heartily than ever before with charges that fairly [...]