Columbus I thought I remembered the Neighborhood House from 30 years ago, but that was a couple of story, white building…must have been something else because now the operation presided over by Allen Huff for the last dozen years was huge with an auditorium, gymnasium, multiple buildings, and god knows what else, including a community …
Category: Citizen Wealth
Predatory Microlending Schemes
New Orleans I have never been a huge fan of the widely touted claims of microlenders that small loans – debt by any definition – are a successful poverty reduction strategy. At best they are an “employment acquisition” scheme for some select people too often within the informal or home-based economy. At worst they are …
Principal Reduction Versus Arrogant Banks
New Orleans From the day the latest foreclosure modification plan as announced several weeks ago, and it became clear that banks saw their participation as voluntary, I said this was not going to work. The government orchestrated immediate acceptance by their subsidiaries, Citi and Bank of America, but as surely as I predicted that was …