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NFL Cheap on Super Bowl Community Benefits

New Orleans     We love having the Super Bowl in New Orleans.  Another one is coming in a year – 2013!  I read with interest a story in the Times about Indianapolis this year with an alluring headline, “Unexpected Benefits from a Super Bowl Bid.”  On first reading I lapped up the article’s spin on the [...]

Pushing Back the Banks in the Wake of Occupy

Orleans Given all of the niggling around the impact of the Occupy Wall Street movement and its impact, it is worth raising some footnotes a little higher on the tally sheet where the results are important, but perhaps unnoticed.  Take these recent developments into account.
Small example, but telling is that JP Morgan Chase, [...]

No One Regulating Remittances

 Toronto            Preparing to meet with the ACORN International “intern army,” as I call them, at George Brown College today, I couldn’t help but laugh while using the Starbucks internet (thanks, fellas!) when I read that Jamie Dimon of JP Morgan Chase was over at Davos complaining about “banker bashing” and France’s President Sarkozy was forced [...]

Come On! Private Banks Poaching Fannie Mae

subprime mortgage securitization

New Orleans On ESPN’s Sportscenter during the seasons they have a feature called “Come on!” in which they feature unbelievable or bonehead plays.  We need that in other fields of public life and politics.  Reading about the efforts of banks like Wells Fargo and JP Morgan Chase along with the various [...]

H&R Block, HSBC, & the end of RALs

New Orleans Refund Anticipation Loans or RALs are a product that have preyed on lower income worker families since their inception and promotion by the big tax preparers, H&R Block, Jackson-Hewitt, and Liberty, as well as smaller fry who could get access to credit.  Negotiating with these companies could get depressing when I worked [...]

Bank Conflicts of Interest on Foreclosures and Modifications

Arizona Advocates and Action

New Orleans My god, pinch me!  Unbelievably the august New York Times in its editorial today has bellied up to the right side of the bar in pointing out the obvious and long noted (including by me!) conflicts of interests enjoyed by banks in the foreclosure game where they [...]

Principal Reduction Versus Arrogant Banks

New Orleans From the day the latest foreclosure modification plan as announced several weeks ago, and it became clear that banks saw their participation as voluntary, I said this was not going to work. The government orchestrated immediate acceptance by their subsidiaries, Citi and Bank of America, but as surely as I [...]

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