New Orleans On my current obsessive Citizen Wealth beat in the heart of the current depression, it was bittersweet reading this morning as the unparalleled Barbara Ehrenreich excoriated the current administration and the total fallacies that have now been exposed in lack of support for the suddenly poor or the ongoing destitute. I’m going to …
Category: Financial Justice
No Home Loans for Self-Employed
New Orleans The draconian back door assault on citizen wealth continues as the impacts of new credit rules ripple through mortgage market and deny motivated – and qualified – buyers access to loans. A quote in the Times today is revealing: “Stuart Fraass of Guaranteed Rate Inc. ‘If you’re self-employed, you have virtually no chance …
Citizen Wealth from Birth
New Orleans Senator Charles Schumer from New York actually has a good plan which would substantially build citizen wealth: having the government give every child a $500 saving account at birth, matching it along the way with individual savings, and making it tax-free, so that at maturity, there would be a real increase in individual …