Phoenix We did the first direct action with Arizona Advocates & Actions yesterday as 20 Bank of America mortgage holders demanded that their modifications finally be fast tracked at the BofA Service Center in Phoenix yesterday. That’s the good news! The rest sucks, as we look around the country heading into the midterm elections. A …
Category: Citizen Wealth
Laundry List for new Consumer Bureau
New Orleans After much sound and fury the Obama Administration seems to have slipped Professor Elizabeth Warren in through the side door of the White House to setup the new Consumer Financial Protection Bureau. It’s all confusing since the Bureau is squeezed between the Federal Reserve and Treasury Departments, and Warren herself has been snuck …
Poverty Rate Soaring in US & Canada
Toronto Erik Eckholm summarized the Census Bureau’s report in a clear but painful way: “With the country in its worst economic crisis since the Great Depression, four million additional Americans found themselves in poverty in 2009, with the total reaching 44 million, or one in seven residents. Millions more were surviving only because of expanded …