New Orleans Secretary Shaun Donovan and President Obama made yet another HUD announcement of another faux “program” to help foreclosure victims, which once again will not work and plays yet more patty cake with banks and their loan servicers. These charades have become something like a marker of seasons passing as we record yet [...]
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New Orleans When there is actual truth told about banks and bankers that may not mean anything will change, but at least it’s a good way to start the day. On the way to battle the Sioux warriors used to say, “this is a good day to die!” In the battle for banking accountability, this [...] New Orleans There’s a t-shirt coming: global warming gonna get your mamma! The spate of disasters from Japan to Joplin, Birmingham, Alabama to Springfield, Mass brings all the horror home again. Living in New Orleans and still in recovery from Katrina and weaker and wiser from the experience, I keep an eye on these things, [...] West Palm Beach Baton Rouge Years into the Great Recession, after the Big Bailout, and one thing after another, there is still no relief on foreclosures, a steady attack on the still shaky, less than adequate Dodd-Frank act, lawsuits accusing most of the bailed out banks of Madoff mischief, big bank profits, and seemingly no one with [...] New Orleans The article in the local paper was breathless. How could it be that homes were going without buyers even though prices – and interest rates – were almost at a 40 year low point? Having drunk the Kool-Aid for so many years how was it possible that the number of American [...] |
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