New Orleans ACORN has been heavily engaged in discussions for months with various servicers of subprime mortgages in order to develop the ways and means to prevent foreclosures. There have been negotiations, meetings, actions, and everything else as we try to herd all of major companies into agreements, many of which are close to …
Category: Financial Justice
Singing from our Songbook
Dallas We spent three hours with representatives from GMAC meeting in our Dallas offices. We were not happy with much of it, but still it represented a sea change from the last meeting with virtually the same people 6 weeks ago. They were no longer hiding behind “individual programs for individual problems” as I …
Merging Lessons
New Orleans The corporate strategy lesson being taught over and over again during the last year or so in the implosion of mortgage based companies is that it is as important to know when to fold as it is to know when to bet. Sometimes you simply do not have the cards, and have …