New Orleans When there is actual truth told about banks and bankers that may not mean anything will change, but at least it’s a good way to start the day. On the way to battle the Sioux warriors used to say, “this is a good day to die!” In the battle for banking accountability, this …
Category: Financial Justice
New loan restrictions will violate the Community Reinvestment Act
New Orleans Sometimes they simply protest too much, and sometimes strange bedfellows are simply bedfellows caught strangely. This would be my summary on the team being put together to in Washington to whine about some of the new mortgage lending rules that the Mortgage Bankers Association, never a group that I would pick for the …
Florida: Detroit with Palm Trees
West Palm Beach The boosterish headline in the West Palm Beach paper was curious and somewhat contradictory. They were trumpeting the fact that the “values” of houses were “bargains” and should be swiftly picked up because the comparable available prices in this normally high flying market had not existed for 15 years or more. Not …