New Orleans Not surprisingly, New Century, once almost the king of the subprime lenders, filed for bankruptcy while trying to sell what was not bolted down and laid off about 3000 people or half of their staff. The CEO, Brad Morrice, who Jordan Ash, several ACORN leaders, and I had met along with members of …
Category: ACORN
Progress on New Orleans Plan
New Orleans The recovery czar, Ed Blakely, pirouetted importantly this week in New Orleans and revealed the 17 (not 15) areas where the City of New Orleans was committed to investing a billion dollars in focusing infrastructure improvements. Importantly, the largest single targeted investment was highlighted at $147,000,000 for the Lower 9th Ward. This is …
Bank on Wal-Mart
Chicago Wal-Mart conceded the inevitable and pulled its application for an industrial bank in Utah. ACORN, WARN, and half of the Western world had opposed the application, which was clearly not moving forward. We had predicted the withdrawal repeatedly right here in these notes. But, don’t get the big head so quickly. Wal-Mart easily got …