New Orleans Every time we think we might be surprised at the avarice of major financial institutions, we are reminded that in the real world, there are no limits either to greed or the willingness for banks to rip off anyone available including preying on desperate, poor families. More sickening evidence was available in a …
Tag: banks
Chinese Banks, Student Loans, Foreclosures, and Political Impasse
New Orleans Are you kidding me? The Chinese Premier Wen Jiabao called for breaking up the banks because they are making too much money and charging too much interest. It turned out he was actually calling for breaking up banks in China, rather than elsewhere, but how refreshing to have a head of state calling …
Fire in the Mercado, Usury at Los Bancos
Tegucigalpa Within minutes of hitting central Tegucigalpa we were on our way to a series of markets directly across the picturesque but fetid river running alongside the capitol not far from the original palace. ACORN Honduras in Tegucigalpa had been working with stall vendors over the last month who had asked for help after a sudden …