New Orleans Bailouts continue at the rate of bulging billions, but foreclosures for homeowners in US and aboard are still all talk, no cattle. Center for Responsible Lending put out a notice that 1.7 million homeowners took a banking or what we used to call a “beating,” when the majority of the Senate voted to …
Category: Financial Justice
Ballot Stuffing at Bank of America
New Orleans Ken Lewis, the CEO and Chairman of Bank America has somehow joined Vikram Pandit of Citi as about the only old bulls of banking still left sitting after the implosion within the financial services industry. It is almost unbelievable that they are still there. Pandit has shed and shuffled board …
Wages of Work and Welfare
New Orleans Newspapers over the weekend from London to Washington and New York are full of stories about the increasing wages of the top dogs in the financial industries on Wall Street and the City of London. The estimates range from 10% to 25% hikes. Meanwhile we continue to struggle to figure out the most …