New York Staying in the guest room of an old ILGWU coop near Grand and FDR with a view of Brooklyn and the Williamsburg Bridge from one window and across the street the sprawling Hillman complex named after Sidney Hillman the old Amalgamated Clothing Workers leader, I could remember the vision of unions – and …
Category: Financial Justice
Foreclosure Modifications, Killed by the Cure
New York City When the Inspector General of the Treasury Department starts agreeing with me that the Treasury Department and the banks are totally messing up the HAMP – Housing Modification Program – you just know it must be terrible! And it is…according to a recent report in the Wall Street Journal by Jessica Silver-Greenberg: …
Bank Conflicts of Interest on Foreclosures and Modifications
New Orleans My god, pinch me! Unbelievably the august New York Times in its editorial today has bellied up to the right side of the bar in pointing out the obvious and long noted (including by me!) conflicts of interests enjoyed by banks in the foreclosure game where they often pretend to be chicken, but …