New Orleans Angelo Mozilo help found Countrywide and ran it for years until dumping it off to Bank America. Many of the subprime and ARM products were toxic and account part of the collapse of the real estate markets and banking empires all around the Great Recession. The SEC trumped a settlement with Mozilo in …
Author: wade
Mortgage Mischief and the Need for A Moratorium
New Orleans An analyst believes the exposure for Bank of America on its foreclosure mess and incompetence could be as high as $70 billion USD. Bank stocks fell across the board. Other reports finally reveal what the slapdash servicing arms of the banks were hiring what they called “Burger King Kids” who insiders now admit …
Soweto Kinch, Dharavi Rocks, and the Blue Frog
Mumbai One of the more unusual, and innovative, of the programs associated with ACORN Inte rnational and ACORN India’s organizing of the Dharavi Project with ragpickers in this huge mega-slum has been a partnership called “Dharavi Rocks” between our ACORN Foundation (India) and the Blue Frog jazz club in the central part of …