New Orleans Now the Federal Housing Finance Agency has indicated that it will file suit against a gang of giant financial institutions for their sloppy work and lack of “due diligence” in assembling securitization pools of home mortgages. Their aim is to collect billions of dollars that were lost in this way by Fannie Mae …
Category: Citizen Wealth
Republican Mansions by the Sea
New Orleans You get the feeling that the popular Republican political embrace of “servant” leadership is more like a simple handshake or an air kiss than a full pressure bear hug. Too many of them seem to be saying, well “me first” and then, hey, if I have time, I might squeeze in a couple …
Citizen Wealth Takes Recession Beating
New Orleans I knew it was coming, but I had crossed my fingers and hoped that it would not be so devastating. Unfortunately the numbers are in and minorities especially have taken devastating downturns in their citizen wealth or basic assets during the recession pushing previous progress back a generation. According to a recently released …