Milwaukee A funny thing happened on the way to the 2020 presidential primaries in the long shadow of the Great Recession of 2007: Democrats are finally discovering the tenants living right under their noses, and the fact that the American dream is no longer home ownership, it’s affordable housing. One candidate after another, elbowing to …
Category: Financial Justice
Giving Some Love to Postal Banking
New Orleans The rise of interstate banking since 1980 has led to countless consolidations as major money center banks have reduced headquarters locations and branches where customers can easily do financial business. The Wall Street Journal reported that 1700 branches closed in a one-year period highlighting a trend after acceleration up to 2009 when …
Big Boys Cashing in On Rents and Mortgages
Louisville When it’s good for the hedge funds and real estate investment trusts (REITs), it’s almost never good for the rest of us, especially the beleaguered renters of America or anyone trying to move the next step to buy a home or get a mortgage. Blackstone, the mega-private equity fund, cashed in once again on …