New Orleans The industry spins the numbers differently each month. Foreclosures are rising, but somehow housing markets are being revived by refinancing. Little of it makes sense and often the information is contradictory, but the bottom line is that housing is still in dire straits across the country. The home mortgage modification program has been …
Author: wade
The Return of Lending Discrimination by Banks
New Orleans Finally there is some small notice of the fact that banks are abandoning the poor and their neighborhoods. A report from the FDIC (Federal Deposit Insurance Corporation) found that almost 1000 net branches had been lost in 2010. Certainly not surprising to anyone is that the loss has been much higher in lower …
Collective Bargaining Under Attack
New Orleans It’s hard hearing and reading the reports about the attack on unions in Wisconsin. After a life of avoiding the mass emails of any listserv, I ended up on one arbitrarily when I joined a group, so I’ve been inundated with hyperbolic messages that find the pushback in Wisconsin by labor heroic and …