Little Rock Hardly a month ago I shared the disgust at the way lenders were ripping off young people facing difficulties handling their student loans who were then saddled with collection fees, exorbitant interest rates, and escalating debits many times larger than the original loans. An article in the Times today by John …
Category: Financial Justice
NYC Bureaucrats Administer Citizen Wealth Setback
New Orleans New York City announced that it was ending its experimental program called Opportunity NYC Family Rewards that had offered cash incentives for achieving modified behavior from poor families. From the article it seems that the failure of the City of New York to modify its behavior was the real story here, rather than …
Finally Mortgage Writedowns
New Orleans When it comes to the gnarling problem of loan modifications and saving the citizen wealth that homeowners have built in their property, the record in the Great Recession has been terrible. There are no sure signs that it is going to get better under the new announcements of an enhanced $50 billion dollar …