Houston Over the last couple of days ACORN has released the data we found by combing through the information provided by banks throughout the country in 172 American cities under the Home Mortgage and Disclosure Act (HMDA). Sobering and shocking! ACORN study shows predatory lending is leading to foreclosures in communities nationwide Communities …
Month: September 2007
Sub-prime Touts and Barkers
New Orleans As the tsunami of problems coming from the sub-prime meltdowns continue to flood the market, it is worth noting that some small justice, though surely not enough, is finally coming to the touts and barkers for these loans. Even as I say this, it is obvious that not only is it little …
Labor Day 2007
New Orleans Maybe this is a bit better Labor Day for American workers than the last several. We do have some things that have broken our way. The minimum wage has finally gone up from $5.15 to $5.85 and stands to keep rising for the next couple of years. Good news! A …