New Orleans Trying to clean up the attic meant buying contractor bags. Building out the attic had been a construction project over years that I had finally finished in time for my son to make this his room for some years until he left home. He never quite got all of his stuff out …
Tag: bankruptcy
Supreme Court Sinks More Homeowners into Permanent Debt
New Orleans In a startling unanimous decision, the US Supreme Court overturned an 11th Circuit Court of Appeals decision finding in favor of Bank of America that even bankruptcy protection does not allow underwater homeowners the ability to escape the obligations of second mortgages. The impact of the decision allows zombie banks to continue operating …
A Corrupt Credit Business Model Travels to Chile and Brazil
New Orleans Cred it card scams are the bad penny perfected in the United States that is turning up now elsewhere in the world. These practices are not the foul play of bad actors as predatory lenders always claim, but intrinsic elements of corrupt, exploitive business models. The economic success stories in Brazil and Chile …