New Orleans In the arcane ways that companies make millions of dollars on the edge of the predatory market from lower-income and working families, we are now hearing what a Chase executive in a conference call with ACORN yesterday called the “biggest changes in market pricing for refund anticipation loans” since the product hit …
Category: Financial Justice
Secretary of Wall Street, President of the Exchange
New Orleans All last week we endured the media frenzy of Henry Paulson, current of the Treasury Department and formerly of Wall Street, and President Bush, currently in charge of Iraq, but presumably now looking for a job running the Stock Exchange, trying to claim that they were jawboning the industry to provide “relief” …
Judicial Philanthropy
New Orleans Based on our experience with several class action suits, ACORN has come to know a little something what is called cy pres money. Cy pres comes from the French expression “cy pres comme possible” meaning “as near as possible.” The derivation comes from the law of charitable trusts and how assets are …