New Orleans Evidence of the death march of the zombie bankers continues as they desperately try to shore up balance sheets based on non-existent assets with continued predatory cannibalization of homeowners through blatant home invasions and foreclosure seizures. Two more stories provide more evidence of both the criminal conspiracy and the banks blatant lying that …
Category: Financial Justice
Payday Lending is All About the Pyramiding the Loan, not the Payday
Little Rock With the admissions that the bigger-than-God-and-government banks are skimming gazillions in profits from predatory payday loans, some welcome sunlight is shining on the dark caves of financial services for workers trying to stretch the money to make the month or deal with emergencies. The Pew Research Center released a report on some of the …
Part of the Point of Minimum Wage Increases is the Bump up from Wage Compression
New Orleans In the continued dumbing down of the Rupert Murdoch Wall Street Journal as it builds its platform for the far right, a new low was reached in the discussion of minimum wages as Richard Berman, now touting for the Center for Union Facts (sic). In a piece entitled, “Why Unions Want a …