New Orleans My goodness, hysteria has broken out among the financial chattering class with the news of a $13 billion proposed settlement between JP Morgan Chase and the Justice Department and Federal Housing Finance Agency over the bank’s handling of the mortgage crisis. The lead editorial in the Wall Street Journal claimed variously that parts …
Category: Financial Justice
As Predicted, Banks Stiff Borrowers on Mortgage Settlement Once Again
Lafayette The monitor of the $25 billion bank mortgage scandal settlement around mass produced, illegal documentation finally made his report, and the results continue along the same depressing track that has now been deep rutted since the housing collapse in 2008. Once again banks got credit, largely for paying themselves back money out of the …
How can it be Smart to Punish Poor People without Children?
New Orleans One of the least surprising, but most depressing, reports on the early days of the enrollment period for the Affordable Care Act in recent weeks has not been the online application snafus but has been the number of families that have come walking into our offices throughout Texas and Louisiana hoping to find …